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{{Short description|Naturally occurring combustible liquid}}
{{mergefrom|black gold (oil)}}
{{Redirect|Crude oil|the 2008 film|Crude Oil (film)|the fuel|Gasoline{{!}}Petrol|other uses|Petroleum (disambiguation)}}
[[Image:Oil well3419.jpg|frame|[[Pumpjack]] pumping an oil well near [[Sarnia, Ontario]]]]
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{{multiple image
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| image1 = Petroleum sample.jpg
| caption1 = A sample of petroleum
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| caption2 = [[Pumpjack]] pumping an oil well near [[Lubbock, Texas]], U.S.
| image3 = Photo lg kuwait.jpg
| caption3 = An oil refinery in [[Ahmadi Governorate]] in [[Kuwait]]
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'''Petroleum''', also known as '''crude oil''' or simply '''oil''', is a naturally occurring, yellowish-black [[liquid]] [[chemical mixture]] found in [[geological formation]]s, consisting mainly of [[hydrocarbon]]s.<ref>{{Cite web |title=EIA Energy Kids – Oil (petroleum) |url=http://www.eia.gov/KIDS/energy.cfm?page=oil_home-basics-k.cfm |archive-url=https://web.archive.org/web/20170707183134/https://www.eia.gov/KIDS/energy.cfm?page=oil_home-basics-k.cfm |archive-date=July 7, 2017 |access-date=March 18, 2018 |website=www.eia.gov}}</ref> The term ''petroleum'' refers both to naturally occurring unprocessed crude oil, as well as to [[petroleum product]]s that consist of [[refining|refined]] crude oil.
'''Petroleum''' (from [[Greek Language|Greek]] ''petra'' &ndash; [[rock (geology)|rock]] and ''elaion'' &ndash; oil ''or'' [[Latin Language|Latin]] ''oleum'' &ndash; oil ) or '''crude oil''', sometimes colloquially called ''black gold'', is a thick, dark brown or greenish [[liquid]]. Petroleum exists in the upper strata of some areas of the [[Earth]]'s [[crust (geology)|crust]]. It consists of a complex mixture of various [[hydrocarbon]]s, largely of the [[alkane]] series, but may vary much in appearance and composition. Petroleum is used mostly, by volume, for producing [[fuel oil]] and [[gasoline]] ([[petrol]]), both important "[[primary energy]]" sources ([http://www.iea.org/bookshop/add.aspx?id=144 IEA Key World Energy Statistics]). Petroleum is also the raw material for many [[chemical]] products, including [[solvent]]s, [[fertilizer]]s, [[pesticide]]s, and [[plastic]]s.
 
Petroleum is a [[fossil fuel]] formed over millions of years from [[anaerobic decay]] of [[organic material]]s from buried [[prehistoric life|prehistoric]] [[organism]]s, particularly [[plankton]]s and [[algae]], and 70% of the world's oil deposits were formed during the [[Mesozoic]].<ref>{{cite web| url=https://energyeducation.ca/encyclopedia/Oil_formation|title=Oil formation|last=Donev|first=Jason|publisher=Energy Edication, [[University of Calgary]]|accessdate=2025-04-13}}</ref> Conventional reserves of petroleum are primarily recovered by [[oil drilling|drilling]], which is done after a study of the relevant [[structural geology]], [[sedimentary basin analysis|analysis of the sedimentary basin]], and [[reservoir characterization|characterization of the petroleum reservoir]]. There are also [[unconventional (oil & gas) reservoir|unconventional]] reserves such as [[oil sands]] and [[oil shale]] which are recovered by other means such as [[fracking]].
==Formation==
===Biogenic theory===
Most [[geology|geologist]]s view crude oil, like [[coal]] and [[natural gas]], as the product of [[diagenesis|compression and heating]] of ancient [[organic compound|organic materials]] over [[geological time scale]]s. According to this [[theory]], it is formed from the decayed remains of [[prehistory|prehistoric]] small [[Marine (ocean)|marine]] [[animal]]s and [[algae]]. ([[Terrestrial]] plants tend to form coal.) Over [[millenia]] this [[organic compound|organic]] [[matter]], mixed with [[mud]], is buried under thick [[sedimentary]] layers of material. The resulting high levels of [[heat]] and [[pressure]] cause the remains to [[metamorphism|metamorphose]], first into a waxy material known as [[kerogen]], and then into liquid and gaseous hydrocarbons in a process known as [[catagenesis (geology)|catagenesis]]. Because hydrocarbons are less dense than the surrounding rock, these migrate upward through adjacent rock layers until they become trapped beneath [[impermeable]] rocks, within [[pore|porous]] rocks called [[oil reservoir|reservoirs]]. Concentration of hydrocarbons in a trap forms an [[oil field]], from which the liquid can be extracted by [[drill]]ing and [[pump]]ing.
 
Once extracted, oil is refined and separated, most easily by [[continuous distillation#Continuous distillation of crude oil|distillation]], into innumerable products for direct use or use in [[manufacturing]]. [[Petroleum product]]s include [[fuel]]s such as [[gasoline]] (petrol), [[diesel fuel|diesel]], [[kerosene]] and [[jet fuel]]; [[bitumen]], [[paraffin wax]] and [[lubricants]]; [[reagent]]s used to make [[plastic]]s; [[solvents]], [[textiles]], [[refrigerants]], [[paint]], [[synthetic rubber]], [[fertilizers]], [[pesticide]]s, [[pharmaceuticals]], and thousands of other [[petrochemical]]s. Petroleum is used in manufacturing a vast variety of materials essential for modern life,<ref name="Dixie State College 2">{{Cite news |last1=Krauss |first1=Clifford |last2=Mouawad |first2=Jad |date=March 1, 2011 |title=Libyan tremors threaten to rattle the oil world |work=[[The Hindu]] |___location=Chennai, India |url=http://www.hindu.com/2011/03/01/stories/2011030155921100.htm |archive-url=https://web.archive.org/web/20110306154842/http://www.hindu.com/2011/03/01/stories/2011030155921100.htm |archive-date=March 6, 2011}}</ref> and it is estimated that the world consumes about {{convert|100|e6oilbbl|e6m3|lk=on|abbr=off}} each day. Petroleum production played a key role in [[industrialization]] and [[economic development]],<ref>{{Cite web |title=The Economic Benefits of Oil & Gas |url=https://www.energy.gov/articles/economic-impact-oil-and-gas |url-status=live |archive-url=https://web.archive.org/web/20240331224819/https://www.energy.gov/articles/economic-impact-oil-and-gas |archive-date=March 31, 2024 |access-date=March 31, 2024 |website=Department of Energy}}</ref> especially after the [[Second Industrial Revolution]]. Some petroleum-rich countries, known as [[petrostate]]s, gained significant economic and international influence during the latter half of the [[20th century]] due to their control of oil production and trade.
Geologists also refer to the "oil window". This is the temperature range that oil forms in--below the minimum temperature oil does not form, and above the maximum temperature natural gas forms instead. Though this corresponds to different depths for different locations around the world, a 'typical' depth for the oil window might be 4 - 6 km. Note that oil may be trapped at much shallower depths, even if it is not formed there. Three conditions must be present for oil reservoirs to form: a rich source rock, a migration conduit, and a trap (seal) that concentrates the hydrocarbons.
 
Petroleum is a [[non-renewable resource]], and [[exploitation of natural resources|exploitation]] can be damaging to both the [[natural environment]], [[climate system]] and [[human]] [[health]] (see [[Health and environmental impact of the petroleum industry]]). [[Extraction of petroleum|Extraction]], [[Petroleum industry|refining]] and [[burning]] of petroleum fuels reverse the [[carbon sink]] and [[greenhouse gas emissions|release]] large quantities of [[greenhouse gas]]es back into the [[Earth's atmosphere]], so petroleum is one of the major contributors to [[anthropogenic climate change]]. Other [[environmental impact of the petroleum industry|negative environmental effects]] include direct releases, such as [[oil spill]]s, as well as [[air pollution|air]] and [[water pollution]] at almost all stages of use. Oil access and pricing have also been a source of [[civil disorder|domestic]] and [[geopolitical]] conflicts, leading to state-sanctioned [[oil war]]s, [[diplomatic crisis|diplomatic]] and [[trade war|trade friction]]s, [[energy policy]] disputes and other [[environmental conflict|resource conflicts]]. Production of petroleum is estimated to reach [[peak oil]] before 2035<ref>{{Cite web |last=Bullard |first=Nathaniel |date=December 9, 2021 |title=Peak Oil Demand Is Coming But Not So Soon |url=https://www.bnnbloomberg.ca/peak-oil-demand-is-coming-but-not-so-soon-1.1693325 |access-date=December 11, 2021 |website=BNN, [[Bloomberg News]]}}</ref> as global economies lower dependencies on petroleum as part of [[climate change mitigation]] and a transition towards more [[renewable energy]] and [[electrification]].<ref>{{Cite news |last1=R |first1=Tom |last2=all |last3=Warren |first3=Hayley |title=Peak Oil Is Already Here |language=en |publisher=Bloomberg.com |url=https://www.bloomberg.com/graphics/2020-peak-oil-era-is-suddenly-upon-us/ |url-status=live |access-date=December 31, 2020 |archive-url=https://web.archive.org/web/20201218064958/https://www.bloomberg.com/graphics/2020-peak-oil-era-is-suddenly-upon-us/ |archive-date=December 18, 2020}}</ref>
The reactions that produce oil and natural gas are often modeled as first order breakdown reactions, where kerogen breaks down to oil and natural gas by a large set of parallel reactions, and oil eventually breaks down to natural gas by another set of reactions.
 
== Etymology ==
===Abiogenic theory===
[[File:Fractional distillation apparatus.jpg|thumb|A fractional distillation apparatus]]
The idea of [[abiogenic petroleum origin]] was championed in the [[Western world]] by astronomer [[Thomas Gold]] based on thoughts from [[Russia]], mainly on studies of [[Nikolai Kudryavtsev]]. The idea proposes that large amounts of [[carbon]] exist naturally in the [[planet]], some in the form of hydrocarbons. Hydrocarbons are less dense than aqueous pore fluids, and migrate upward through deep fracture networks. [[extremophile|Thermophilic]], rock-dwelling [[microorganism|microbial life]]-forms are in part responsible for the [[biomarker]]s found in petroleum.
The word ''petroleum'' comes from Medieval Latin {{wikt-lang|la|petroleum}} (literally 'rock oil'), which comes from Latin [[wikt:petra#Latin|petra]] 'rock' (from Greek {{transliteration|grc|pétra}} {{wikt-lang|grc|πέτρα}}) and [[wikt:oleum#Latin|oleum]] 'oil' (from Greek {{transliteration|grc|élaion}} {{wikt-lang|grc|ἔλαιον}}).<ref>[https://www.ahdictionary.com/word/search.html?q=petroleum "petroleum"] {{Webarchive|url=https://web.archive.org/web/20200516164428/https://www.ahdictionary.com/word/search.html?q=petroleum |date=May 16, 2020 }}, in the American Heritage Dictionary</ref><ref>''[http://www.thefreedictionary.com/petroleum Petroleum]'', Medieval Latin: literally, rock oil = Latin petr(a) rock (< Greek pétra) + oleum oil, The Free Dictionary.com. {{Webarchive|url=https://web.archive.org/web/20170110024856/http://www.thefreedictionary.com/petroleum|date=January 10, 2017}}</ref>
 
The origin of the term stems from monasteries in southern Italy where it was in use by the end of the first millennium as an alternative for the older term "[[naphtha]]".<ref name="van Dijk_2022, n">van Dijk, J.P. (2022); Unravelling the Maze of Scientific Writing Through the Ages: On the Origins of the Terms Hydrocarbon, Petroleum, Natural Gas, and Methane. Amazon Publishers, 166 pp. PaperBack Edition B0BKRZRKHW. {{ISBN|979-8-3539-8917-2|invalid1=yes}}</ref> After that, the term was used in numerous manuscripts and books, such as in the treatise ''[[De Natura Fossilium]]'', published in 1546 by the German mineralogist [[Georg Bauer]], also known as Georgius Agricola.<ref>{{cite book |author-link=Georg Bauer |author=Bauer, Georg |date=1955 |translator=Bandy, Mark Chance |translator2=Bandy, Jean A. |title=De Natura Fossilium |___location=Mineola, NY |publisher=Dover |orig-date=1546}}</ref> After the advent of the oil industry, during the second half of the 19th century, the term became commonly known for the liquid form of hydrocarbons.
This theory is very much a minority opinion amongst geologists. This theory often pops up when scientists are not able to explain apparent oil inflows into certain oil reservoirs. These instances are rare.
 
==Extraction History ==
{{Main|History of the petroleum industry}}
Locating an oil field is the first obstacle to be overcome. Today, petroleum engineers use instruments such as gravimeters and magnetometers in the search for petroleum. Generally, the first stage in the extraction of crude oil is to drill a well into the underground reservoir. Historically, in the [[USA]], some [[oil field]]s existed where the oil rose naturally to the surface, but most of these fields have long since been depleted, except for certain remote locations in Alaska. Often many wells (called ''multilateral wells'') are drilled into the same reservoir, to ensure that the extraction rate will be economically viable. Also, some wells (''secondary wells'') may be used to pump [[water]], [[steam]], [[acid]]s or various gas mixtures into the reservoir to raise or maintain the reservoir pressure, and so maintain an economic extraction rate.
 
=== Early ===
If the underground pressure in the oil reservoir is sufficient, then the oil will be forced to the surface under this pressure. Gaseous fuels or natural gas are usually present, which also supply needed underground pressure. In this situation it is sufficient to place a complex arrangement of [[valve]]s (the [[Christmas tree (oilfield)|Christmas tree]]) on the [[well head]] to connect the well to a [[Pipeline transport|pipeline]] network for storage and processing. This is called primary oil recovery. Usually, only about 20% of the oil in a reservoir can be extracted this way.
[[File:Edwindrake.jpg|thumb|In 1859, [[Edwin Drake]] drilled the world's first successful oil well at what is now known as [[Drake Well]] in [[Cherrytree Township, Pennsylvania]]]]
[[File:Gusher Okemah OK 1922.jpg|thumb|An oil derrick in [[Okemah, Oklahoma]] in 1922]]
Petroleum, in one form or another, has been used since ancient times. More than 4300 years ago, [[bitumen]] was mentioned when the Sumerians used it to make boats. A tablet of the legend of the birth of [[Sargon of Akkad]] mentions a basket which was closed by straw and bitumen. More than 4000 years ago, according to [[Herodotus]] and [[Diodorus Siculus]], [[Bitumen|asphalt]] was used in the construction of the walls and towers of [[Babylon]]; there were oil pits near Ardericca and Babylon, and a pitch spring on [[Zakynthos]].<ref name="EB1911">{{EB1911|wstitle=Petroleum |volume=21 |page=316 |first=Boverton |last=Redwood |inline=1}}</ref> Great quantities of it were found on the banks of the river [[Issus (river)|Issus]], one of the tributaries of the [[Euphrates]]. Ancient [[Achaemenid Empire|Persian]] [[Persepolis Administrative Archives|tablets]] indicate the medicinal and lighting uses of petroleum in the upper levels of their society.
 
The use of petroleum in ancient [[China]] dates back to more than 2000 years ago. The ''[[I Ching]]'', one of the earliest Chinese writings, cites that oil in its raw state, without refining, was first discovered, extracted, and used in China in the first century BCE. In addition, the Chinese were the first to record the use of petroleum as fuel as early as the fourth century BCE.<ref>{{Cite book |last=Zhiguo |first=Gao |title=Environmental regulation of oil and gas |date=1998 |publisher=Kluwer Law International |isbn=978-90-411-0726-8 |___location=London |page=8 |oclc=39313498}}</ref><ref>{{Cite book |last=Deng |first=Yinke |url=https://archive.org/details/ancientchinesein0000deng |title=Ancient Chinese Inventions |publisher=Cambridge University Press |year=2011 |isbn=978-0-521-18692-6 |page=[https://archive.org/details/ancientchinesein0000deng/page/40 40] |url-access=registration}}</ref><ref>{{Cite book |last=Burke |first=Michael |title=Nanotechnology: The Business |publisher=Taylor & Francis |year=2008 |isbn=978-1-4200-5399-9 |page=3}}</ref> By 347 CE, oil was produced from bamboo-drilled wells in China.<ref>{{Cite web |last=Totten |first=George E. |title=ASTM International – Standards Worldwide |url=http://www.astm.org/COMMIT/D02/to1899_index.html |url-status=live |archive-url=https://web.archive.org/web/20170706232229/https://www.astm.org/COMMIT/D02/to1899_index.html |archive-date=July 6, 2017 |access-date=March 18, 2018 |website=astm.org}}</ref><ref>{{Cite book |last=Dalvi |first=Samir |title=Fundamentals of Oil & Gas Industry for Beginners |publisher=Notion Press |year=2015 |isbn=978-93-5206-419-9}}</ref>
Over the lifetime of the well the pressure will fall, and at some point there will be insufficient underground pressure to force the oil to the surface. If economical, and it often is, the remaining oil in the well is extracted using secondary oil recovery methods ''(see: [[energy balance]] and [[net energy gain]])''. Secondary oil recovery uses various techniques to aid in recovering oil from depleted or low-pressure reservoirs. Sometimes pumps, such as [[nodding donkey|beam pumps]] and [[Electrical Submersible Pumps|electrical submersible pumps]] (ESPs), are used to bring the oil to the surface. Other secondary recovery techniques increase the reservoir's pressure by [[Water injection (oil production)|water injection]], [[gas reinjection|natural gas reinjection]] and [[Gas Lift|gas lift]], which injects [[Earth's atmosphere|air]], [[carbon dioxide]] or some other gas into the reservoir. Together, primary and secondary recovery allow 25% to 35% of the reservoir's oil to be recovered.
 
In the 7th century, petroleum was among the essential ingredients for [[Greek fire]], an incendiary projectile weapon that was used by [[Byzantine Greeks]] against Arab ships, which were then attacking [[Constantinople]].<ref>{{Cite encyclopedia |title=Greek fire {{!}} Byzantine, Naval Warfare, Incendiary {{!}} Britannica |url=https://www.britannica.com/technology/Greek-fire |access-date=October 1, 2023 |encyclopedia=Encyclopædia Britannica |language=en}}</ref> Crude oil was also distilled by [[Alchemy in the medieval Islamic world|Persian chemists]], with clear descriptions given in Arabic handbooks such as those of [[Abu Bakr al-Razi]] (Rhazes).<ref>{{Cite book |last=Forbes |first=Robert James |url=https://books.google.com/books?id=eckUAAAAIAAJ&pg=PA149 |title=Studies in Early Petroleum History |date=1958 |publisher=[[Brill Publishers]] |page=149 |access-date=April 3, 2019 |archive-url=https://web.archive.org/web/20200315165347/https://books.google.com/books?id=eckUAAAAIAAJ&pg=PA149 |archive-date=March 15, 2020 |url-status=live}}</ref> The streets of [[Baghdad]] were paved with [[tar]], derived from petroleum that became accessible from natural fields in the region.
Tertiary oil recovery reduces the oil's [[viscosity]] to increase oil production. Tertiary recovery is started when secondary oil recovery techniques are no longer enough to sustain production, but only when the oil can still be extracted [[profit]]ably. This depends on the [[cost]] of the extraction method and the current [[wikinews:price of crude oil|price of crude oil]]. When prices are high, previously unprofitable wells are brought back into production and when they are low, production is curtailed. Thermally enhanced oil recovery methods (TEOR) are tertiary recovery techniques that heat the oil and make it easier to extract. Steam injection is the most common form of TEOR, and is often done with a [[cogeneration]] plant. In this type of cogeneration plant, a [[gas turbine]] is used to generate [[electricity]] and the waste heat is used to produce steam, which is then injected into the reservoir. This form of recovery is used extensively to increase oil production in the [[San Joaquin Valley]], which has very heavy oil, yet accounts for 10% of the United States' oil production. In-situ [[burn]]ing is another form of TEOR, but instead of steam, some of the oil is burned to heat the surrounding oil. Occasionally, [[detergent]]s are also used to decrease oil viscosity. Tertiary recovery allows another 5% to 15% of the reservoir's oil to be recovered.
 
In the 9th century, [[oil field]]s were exploited in the area around modern [[Baku]], [[Azerbaijan]]. These fields were described by the [[Persian geographer]] [[Abu Bakr al-Razi]] in the 10th century, and by [[Marco Polo]] in the 13th century, who described the output of those wells as hundreds of shiploads.<ref>{{Cite book |last=Salim Al-Hassani |title=A shared legacy: Islamic science East and West |publisher=[[University of Barcelona|Edicions Universitat Barcelona]] |year=2008 |isbn=978-84-475-3285-8 |editor-last=Emilia Calvo Labarta |pages=57–82 [63] |chapter=1000 Years of Missing Industrial History |author-link=Salim Al-Hassani |editor-last2=Mercè Comes Maymo |editor-last3=Roser Puig Aguilar |editor-last4=Mònica Rius Pinies}}</ref> [[Alchemy and chemistry in Islam|Arab and Persian chemists]] also distilled crude oil to produce [[flammable]] products for military purposes. Through [[Islamic Spain]], distillation became available in [[Western Europe]] by the 12th century.<ref>{{Cite encyclopedia |title=petroleum |encyclopedia=[[Encyclopædia Britannica]] |url=http://www.britannica.com/EBchecked/topic/454269/petroleum |access-date=June 30, 2008 |archive-url=https://web.archive.org/web/20150429155229/http://www.britannica.com/EBchecked/topic/454269/petroleum |archive-date=April 29, 2015 |last2=Gordon I. Atwater |author1=Joseph P. Riva Jr. |url-status=live}}</ref> It has also been present in Romania since the 13th century, being recorded as păcură.<ref>Istoria Romaniei, Vol II, p. 300, 1960</ref>
===Drilling===
Visit these Pages
*[[Drilling fluid]]
*[[Mud logger]]
*[[Roughneck]]
*[[Directional drilling]]
 
Sophisticated oil pits, {{convert|15|to|20|ft|m|order=flip|round=0.5}} deep, were dug by the [[Seneca people]] and other [[Iroquois]] in [[Western Pennsylvania]] as early as 1415–1450. The French General [[Louis-Joseph de Montcalm]] encountered Seneca using petroleum for ceremonial fires and as a healing lotion during a visit to [[Fort Duquesne]] in 1750.<ref>{{Cite book |last1=Keoke |first1=Emory Dean |title=American Indian Contributions to the World: 15,000 Years of Inventions and Innovations |last2=Porterfield |first2=Kay Marie |publisher=Facts on File |year=2003 |isbn=978-0-8160-5367-4 |page=199}}</ref>
==History==
The first [[oil well]]s were drilled in [[China]] in the 4th century or earlier. They had depth of up to 243 meters and were drilled using [[drill bit|bits]] attached to [[bamboo]] poles. The oil was burned to evaporate [[brine]] and produce [[sodium chloride|salt]]. By the 10th century, extensive [[bamboo]] pipelines connected oil wells with salt springs.
Ancient [[Persian Empire|Persian]] tablets indicate the medicinal and lighting uses of petroleum in the upper echelons of their society.
 
Early British explorers to [[Myanmar]] documented a flourishing oil extraction industry based in [[Yenangyaung]] that, in 1795, had hundreds of hand-dug wells under production.<ref>{{Cite book |last=Longmuir |first=Marilyn V. |title=Oil in Burma: the extraction of "earth-oil" to 1914 |date=2001 |publisher=White Lotus Press |isbn=978-974-7534-60-3 |___location=Bangkok |page=329 |oclc=48517638}}</ref>
In the 8th century, the [[street]]s of the newly-constructed [[Baghdad]] were paved with [[tar]], derived from easily-accessible petroleum from natural fields in the region. In the 9th century, oil fields were exploited in [[Baku]], [[Azerbaijan]], to produce [[naphtha]]. These fields were described by the [[geographer]] [[Masudi]] in the 10th century, and by [[Marco Polo]] in the 13th century, who described the output of those wells as hundreds of shiploads. ''(See also: [[Timeline of Islamic science and technology]].)''
 
[[Merkwiller-Pechelbronn]] is said to be the first European site where petroleum has been explored and used. The still active Erdpechquelle, a spring where petroleum appears mixed with water has been used since 1498, notably for medical purposes.
The [[modern world|modern history]] of petroleum began in 1846, with the discovery of the process of refining [[kerosene]] from [[coal]] by [[Atlantic Canada]]'s [[Abraham Pineo Gesner]]. [[Poland]]'s [[Ignacy Łukasiewicz]] discovered a means of refining kerosene from the more readily available "rock oil" ("petr-oleum") in 1852 and the first rock oil mine was built in [[Bobrka]], near [[Krosno]] in southern [[Poland]] in the following year. These discoveries rapidly spread around the world, and [[Meerzoeff]] built the first Russian refinery in the mature oil fields at [[Baku]] in 1861. At that time Baku produced about 90% of the world's oil. The battle of Stalingrad was fought over Baku (now the capital of the Azerbaijan Republic).
 
===19th century===
[[Image:oilfield.jpg|frame|Oil field in [[California]], 1938.
[[File:West Lothian shale bing, Scotland.JPG|thumb|Shale [[spoil tip|bings]] near [[Broxburn]], three of a total of 19 in [[West Lothian]], Scotland]]
The first modern oil well was drilled in 1848 by Russian engineer F.N. Semyonov, on the [[Aspheron Peninsula]] north-east of [[Baku]].]]
[[File:Ride with hitler.jpg|thumb|A [[World War II]] poster promoting [[carpooling]] as a way to ration vital gasoline during the war]]
 
There was activity in various parts of the world in the mid-19th century. A group directed by Major Alexeyev of the Bakinskii Corps of Mining Engineers hand-drilled a well in the Baku region of Bibi-Heybat in 1846.<ref>{{Cite journal |last=Matveichuk |first=Alexander A |date=2004 |title=Intersection of Oil Parallels: Historical Essays |journal=Russian Oil and Gas Institute}}</ref> There were engine-drilled wells in West Virginia in 1859, the same year as Drake's well.<ref>{{Cite book |last1=McKain |first1=David L. |title=Where It All Began: The Story of the People and Places Where the Oil Industry Began – West Virginia and South-eastern Ohio |last2=Bernard |first2=L. Allen |publisher=D.L. McKain |year=1994 |___location=Parkersburg, WV |asin=B0006P93DY}}</ref> An early commercial well was hand dug in [[Poland]] in 1853, and another in nearby [[Romania]] in 1857. At around the same time the world's first, small, oil refinery was opened at [[Jasło]] in Poland (then Austria), with a larger one opened at [[Ploiești]] in Romania shortly after. Romania (then being a vassal of the Ottoman Empire) is the first country in the world to have had its annual crude oil output officially recorded in international statistics: 275 tonnes for 1857.<ref>{{Cite web |title=The History Of Romanian Oil Industry |url=http://www.rri.ro/arh-art.shtml?lang=1&sec=9&art=3596 |archive-url=https://web.archive.org/web/20090603102058/http://www.rri.ro/arh-art.shtml?lang=1&sec=9&art=3596 |archive-date=June 3, 2009 |website=rri.ro}}</ref><ref>{{Cite web |last=Thomas Eakins |title=Scenes from Modern Life: World Events: 1844–1856 |url=https://www.pbs.org/eakins/we_1844.htm |url-status=live |archive-url=https://web.archive.org/web/20170705142847/https://www.pbs.org/eakins/we_1844.htm |archive-date=July 5, 2017 |website=pbs.org}}</ref>
The first commercial oil well drilled in North America was in Oil Springs, [[Ontario]], [[Canada]] in 1858, dug by James Miller Williams. The American petroleum [[industry]] began with [[Edwin Drake]]'s discovery of oil in 1859, near [[Titusville, Pennsylvania]]. The industry grew slowly in the 1800s, driven by the demand for [[kerosene]] and [[oil lamp]]s. It became a major [[nation]]al concern in the early part of the 20th century; the introduction of the [[internal combustion engine]] provided a demand that has largely sustained the industry to this day. Early "local" finds like those in [[Pennsylvania]] and [[Ontario]] were quickly exhausted, leading to "oil booms" in [[Texas]], [[Oklahoma]], and [[California]].
 
In 1858, Georg Christian Konrad Hunäus found a significant amount of petroleum while drilling for [[lignite]] in [[Wietze]], Germany. Wietze later provided about 80% of German consumption in the Wilhelmine Era.<ref>{{Cite news |last=Lucius |first=Robert von |date=June 23, 2009 |title=Deutsche Erdölförderung: Klein-Texas in der Lüneburger Heide |language=de |work=FAZ.NET |url=https://www.faz.net/1.812092 |url-status=live |access-date=March 18, 2018 |archive-url=https://web.archive.org/web/20170126111737/https://www.faz.net/aktuell/wirtschaft/deutsche-erdoelfoerderung-klein-texas-in-der-lueneburger-heide-1812092.html |archive-date=January 26, 2017 |issn=0174-4909}}</ref> The production stopped in 1963, but Wietze has hosted a Petroleum Museum since 1970.<ref>{{Cite web |title=Deutsches Erdölmuseum Wietze |url=http://www.erdoelmuseum.de/ |url-status=live |archive-url=https://web.archive.org/web/20171014171832/http://www.erdoelmuseum.de/ |archive-date=October 14, 2017 |access-date=March 18, 2018 |website=www.erdoelmuseum.de}}</ref>
By 1910, significant oil fields had been discovered in [[Canada]] (specifically, in the province of [[Alberta]]), the [[Dutch East Indies]] (1885, in [[Sumatra]]), [[Persian Empire|Persia]] (1908, in [[Masjed Soleiman]]), [[Peru]], [[Venezuela]], and [[Mexico]], and were being developed at an industrial level.
 
Oil sands have been mined since the 18th century.<ref>{{Cite news |date=February 23, 1880 |title=The oil wells of Alsace; a discovery made more than a century ago. What a Pennsylvania operator saw abroad, primitive methods of obtaining oil, the process similar to that used in coal mining |work=[[The New York Times]] |url=https://timesmachine.nytimes.com/timesmachine/1880/02/23/98888884.pdf |url-status=live |access-date=June 15, 2018 |archive-url=https://web.archive.org/web/20191218003110/https://timesmachine.nytimes.com/timesmachine/1880/02/23/98888884.pdf |archive-date=December 18, 2019}}</ref> In [[Wietze]] in lower Saxony, natural asphalt/bitumen has been explored since the 18th century.<ref>{{Cite book |title=Erdöl in Wietze |date=1994 |publisher=Geiger |isbn=978-3-89264-910-6 |edition=1. Aufl |___location=Horb am Neckar |oclc=75489983}}</ref> Both in Pechelbronn as in Wietze, the coal industry dominated the petroleum technologies.<ref>{{Cite book |last1=Karlsch |first1=Rainer |title=Faktor Öl: die Mineralölwirtschaft in Deutschland 1859–1974 |last2=Stokes |first2=Raymond G. |date=2003 |publisher=C.H. Beck |others=Stokes, Raymond G. |isbn=978-3-406-50276-7 |___location=Munich |oclc=52134361}}</ref>
Even until the mid-(1950s), [[coal]] was still the world's foremost fuel, but oil quickly took over. Following the [[1973 energy crisis]] and the [[1979 energy crisis]], there was significant [[media]] coverage of oil supply levels. This brought to light the concern that oil is a limited resource that will eventually run out, at least as an economically viable energy source. At the time, the most common and popular predictions were always quite dire, and when they did not come true, many dismissed all such discussion. The future of petroleum as a fuel remains somewhat controversial. ''[[USA Today]]'' news (2004) reports that there are 40 years of petroleum left in the ground. Some would argue that because the total amount of petroleum is finite, the dire predictions of the 1970s have merely been postponed. Others argue that technology will continue to allow for the production of cheap hydrocarbons and that the earth has vast sources of unconventional petroleum reserves in the form of [[tar sands]], bitumen fields and [[oil shale]] that will allow for petroleum use to continue in the future, with both the Canadian tar sands and United States shale oil deposits representing potential reserves matching existing liquid petroleum deposits worldwide.
 
Chemist [[James Young (chemist)|James Young]] in 1847 noticed a natural petroleum seepage in the coal mine at riddings [[Alfreton]], [[Derbyshire]] from which he distilled a light thin oil suitable for use as lamp oil, at the same time obtaining a more viscous oil suitable for lubricating machinery. In 1848, Young set up a small business refining crude oil.<ref name="russell" />
Today, about 90% of vehicular fuel needs are met by oil. Petroleum also makes up 40% of total energy consumption in the United States, but is responsible for only 2% of electricity generation. Petroleum's worth as a portable, dense energy source powering the vast majority of vehicles and as the base of many industrial chemicals makes it one of the world's most important [[commodity|commodities]]. Access to it was a major factor in several military conflicts, including [[World War II]] and the [[Persian Gulf War]]. About 80% of the world's readily accessible reserves are located in the [[Middle East]], with 62.5% coming from the Arab 5: [[Saudi Arabia]] (12.5%), [[UAE]], [[Iraq]], [[Qatar]] and [[Kuwait]]. The USA has less than 3%.
 
Young eventually succeeded, by distilling [[cannel coal]] at low heat, in creating a fluid resembling petroleum, which when treated in the same way as the seep oil gave similar products. Young found that by slow distillation he could obtain several useful liquids from it, one of which he named "paraffine oil" because at low temperatures it congealed into a substance resembling paraffin wax.<ref name="russell">{{Cite book |last=Russell |first=Loris S. |title=A Heritage of Light: Lamps and Lighting in the Early Canadian Home |publisher=University of Toronto Press |year=2003 |isbn=978-0-8020-3765-7}}</ref>
===Alternative means of producing oil===
 
The production of these oils and solid [[paraffin wax]] from coal formed the subject of his patent dated October 17, 1850. In 1850, Young & Meldrum and Edward William Binney entered into partnership under the title of E.W. Binney & Co. at [[Bathgate]] in [[West Lothian]] and E. Meldrum & Co. at Glasgow; their works at Bathgate were completed in 1851 and became the first truly commercial oil-works in the world with the first modern oil refinery.<ref>{{Cite web |last=By |first=Undiscovered Scotland |title=James Young: Biography on Undiscovered Scotland |url=http://www.undiscoveredscotland.co.uk/usbiography/y/jamesyoung.html |url-status=live |archive-url=https://web.archive.org/web/20170629094925/https://www.undiscoveredscotland.co.uk/usbiography/y/jamesyoung.html |archive-date=June 29, 2017 |access-date=March 18, 2018 |website=www.undiscoveredscotland.co.uk}}</ref>
As [[Oil price increases of 2004-2006|oil prices continue to escalate]], other alternatives to producing oil have been gaining importance. The best known such methods involve extracting oil from sources such as [[oil shale]] or [[tar sands]]. These resources are known to exist in large quantities; extracting the oil at low cost and without too deleterious an impact on the environment remains a challenge.
{{Clarify|date=December 2023|reason=the preceding statement seems to say the first modern refinery was completed in 1851; the subsequent statement says the first refinery was built in 1856: the distinction between these two types could be detailed for better comprehension}}
 
The world's first oil refinery was built in 1856 by [[Ignacy Łukasiewicz]] in Austria.<ref>{{Cite book |last=Frank, Alison Fleig |title=Oil Empire: Visions of Prosperity in Austrian Galicia (Harvard Historical Studies) |publisher=Harvard University Press |year=2005 |isbn=978-0-674-01887-7}}</ref> His achievements also included the discovery of how to distill kerosene from seep oil, the invention of the modern [[kerosene lamp]] (1853), the introduction of the first modern street lamp in Europe (1853), and the construction of the world's first modern [[oil well|oil "mine"]] (1854).<ref>{{Cite web |date=May 19, 2007 |title=Skansen Przemysłu Naftowego w Bóbrce / Museum of Oil Industry at Bobrka |url=http://www.geo.uw.edu.pl/BOBRKA/DATY/daty.htm |archive-url=https://web.archive.org/web/20070519031720/http://www.geo.uw.edu.pl/BOBRKA/DATY/daty.htm |archive-date=May 19, 2007 |access-date=March 18, 2018}}</ref> at [[Bóbrka, Krosno County|Bóbrka]], near [[Krosno]] (still operational as of 2020).
It is also possible to transform [[natural gas]] or [[coal]] into oil (or, more precisely, the various hydrocarbons found in oil).
 
The demand for petroleum as a fuel for lighting in [[North America]] and around the world quickly grew.<ref>{{Cite book |last=Maugeri |first=Leonardo |url=https://archive.org/details/ageofoilmytholog0000maug/page/3 |title=The age of oil: the mythology, history, and future of the world's most controversial resource |date=2005 |publisher=Lyons Press |isbn=978-1-59921-118-3 |edition=1st Lyons Press |___location=Guilford, CN |page=[https://archive.org/details/ageofoilmytholog0000maug/page/3 3] |oclc=212226551 |url-access=registration}}</ref>
The best-known such method is the [[Fischer-Tropsch process]], It was a concept pioneered in [[Nazi Germany]] when [[International trade|import]]s of petroleum were restricted due to war and [[Germany]] found a method to extract oil from coal. It was known as ''Ersatz'' ("substitute" in [[German language|German]]), and accounted for nearly half the total oil used in [[World War II|WWII]] by Germany. However, the process was used only as a last resort as naturally occurring oil was much cheaper. As crude oil prices increase, the cost of coal to oil conversion becomes comparatively cheaper.
 
The first oil well in the Americas was drilled in 1859 by [[Edwin Drake]] at what is now called the [[Drake Well]] in [[Cherrytree Township, Pennsylvania]]. There also was a company associated with it, and it sparked a major oil drilling boom.<ref>{{Cite book |last=Vassiliou |first=Marius S. |title=Historical dictionary of the petroleum industry, 2nd Edition |date=2018 |publisher=Rowman and Littlefield |isbn=978-1-5381-1159-8 |___location=Lanham, MD |page=621 |oclc=315479839}}</ref>
The method involves converting high ash coal into [[synthetic oil]] in a multistage process. Ideally, a [[ton]] of coal produces nearly 200 [[liter]]s (1.25 bbl, 52 US gallons) of crude, with [[by-product]]s ranging from tar to [[Abundance of the chemical elements|rare chemicals]].
 
The [[History of the petroleum industry in Canada#Early origins|first commercial oil well]] in [[Canada]] became operational in 1858 at [[Oil Springs, Ontario]] (then [[Canada West]]).<ref name="lclmg.org">[http://www.lclmg.org/lclmg/Museums/OilMuseumofCanada/BlackGold2/OilHeritage/OilSprings/tabid/208/Default.aspx Oil Museum of Canada, Black Gold: Canada's Oil Heritage, Oil Springs: Boom & Bust] {{webarchive|url=https://web.archive.org/web/20130729191500/http://www.lclmg.org/lclmg/Museums/OilMuseumofCanada/BlackGold2/OilHeritage/OilSprings/tabid/208/Default.aspx |date=July 29, 2013 }}</ref> Businessman [[James Miller Williams]] dug several wells between 1855 and 1858 before discovering a rich reserve of oil four metres below ground.<ref>Turnbull Elford, Jean. "Canada West's Last Frontier". Lambton County Historical Society, 1982, p. 110</ref>{{Specify|reason=Unlear citation style.|date=December 2018}} Williams extracted 1.5&nbsp;million litres of crude oil by 1860, refining much of it into kerosene lamp oil. Williams's well became commercially viable a year before Drake's Pennsylvania operation and could be argued to be the first commercial oil well in North America.<ref>{{Cite web |title=Oil Museum of Canada, Black Gold: Canada's Oil Heritage |url=http://www.lclmg.org/lclmg/Museums/OilMuseumofCanada/BlackGold2/OilHeritage/OilSprings/tabid/208/Default.aspx |archive-url=https://web.archive.org/web/20130729191500/http://www.lclmg.org/lclmg/Museums/OilMuseumofCanada/BlackGold2/OilHeritage/OilSprings/tabid/208/Default.aspx |archive-date=July 29, 2013 |website=lclmg.org}}</ref> The discovery at Oil Springs touched off an [[oil boom]] which brought hundreds of speculators and workers to the area. Advances in drilling continued into 1862 when local driller Shaw reached a depth of 62 metres using the spring-pole drilling method.<ref>{{Cite book |last=May |first=Gary |title=Hard oiler!: the story of Canadiansʼ quest for oil at home and abroad |date=1998 |publisher=Dundurn Press |isbn=978-1-55002-316-9 |___location=Toronto |page=43 |oclc=278980961}}</ref> On January 16, 1862, after an explosion of [[natural gas]], Canada's first oil gusher came into production, shooting into the air at a recorded rate of {{convert|3000|oilbbl|m3|order=flip}} per day.<ref>{{Cite book |last=Ford |first=R.W. A |title=History of the Chemical Industry in Lambton County |year=1988 |page=5}}</ref> By the end of the 19th century the Russian Empire, particularly the [[Branobel]] company in [[Azerbaijan]], had taken the lead in production.<ref name="Akiner">{{cite book |editor1=Akiner, Shirin |editor2=Aldis, Anne |title=The Caspian: Politics, Energy and Security |publisher=Routledge |year=2004 |___location=New York |isbn=978-0-7007-0501-6|page=5}}
Currently, two companies have commercialised their Fischer-Tropsch technology. [http://www.shell.com.my/smds Shell] in [[Bintulu]], [[Malaysia]], uses [[natural gas]] as a [[feedstock]], and produces primarily low-[[sulfur]] [[diesel]] fuels. [http://www.sasol.com Sasol] in [[South Africa]] uses coal as a feedstock, and produces a variety of synthetic petroleum products.
</ref>
The process is today used in [[South Africa]] to produce most of the country's [[diesel]] fuel from coal by the company [[Sasol]]. The process was used in South Africa to meet its energy needs during its isolation under [[Apartheid]]. This process has received renewed attention in the quest to produce low [[sulfur]] [[diesel]] fuel in order to minimize [[the environment]]al impact from the use of diesel [[engine]]s.
 
===20th century===
An alternative method is the [[Karrick process]], which converts coal into crude oil, pioneered in the 1930s in the United States.
Access to oil was and still is a major factor in several military conflicts of the 20th century, including [[World War II]], during which oil facilities were a major strategic asset and were [[Oil Campaign chronology of World War II|extensively bombed]].<ref>{{Cite web |last=Baldwin |first=Hanson |title=Oil Strategy in World War II |url=http://www.oil150.com/essays/article?article_id=91 |url-status=live |archive-url=https://web.archive.org/web/20090815114446/http://www.oil150.com/essays/2007/08/oil-strategy-in-world-war-ii |archive-date=August 15, 2009 |website=oil150.com |publisher=American Petroleum Institute Quarterly – Centennial Issue |pages=10–11}}</ref> The [[German invasion of the Soviet Union]] included the goal to capture the [[Petroleum industry in Azerbaijan|Baku oilfields]], as it would provide much-needed oil supplies for the German military which was suffering from blockades.<ref>{{Cite web |last=Alakbarov |first=Farid |title=10.2 An Overview – Baku: City that Oil Built |url=http://azer.com/aiweb/categories/magazine/ai102_folder/102_articles/102_overview_alakbarov.html |archive-url=https://web.archive.org/web/20101213083150/http://azer.com/aiweb/categories/magazine/ai102_folder/102_articles/102_overview_alakbarov.html |archive-date=December 13, 2010 |access-date=March 18, 2018 |website=azer.com}}</ref>
 
Oil exploration in North America during the early 20th century later led to the U.S. becoming the leading producer by mid-century. As petroleum production in the U.S. peaked during the 1960s, the United States was surpassed by [[Saudi Arabia]] and the [[Soviet Union]] in total output.<ref>{{Cite news |last=Times |first=Christopher S. Wren Special to The New York |date=November 13, 1974 |title=Soviet Moves Ahead of U.S. in oil output. |language=en-US |work=The New York Times |url=https://www.nytimes.com/1974/11/13/archives/soviet-moves-ahead-of-us-in-oil-output-minister-sees-mondale.html |url-status=live |access-date=April 4, 2020 |archive-url=https://web.archive.org/web/20200531155823/https://www.nytimes.com/1974/11/13/archives/soviet-moves-ahead-of-us-in-oil-output-minister-sees-mondale.html |archive-date=May 31, 2020 |issn=0362-4331}}</ref><ref>{{Cite news |date=July 12, 2018 |title=US expected to surpass Saudi Arabia, Russia as world's top oil producer |work=Christian Science Monitor |url=https://www.csmonitor.com/Business/2018/0712/US-expected-to-surpass-Saudi-Arabia-Russia-as-world-s-top-oil-producer |url-status=live |access-date=April 5, 2020 |archive-url=https://web.archive.org/web/20200516034628/https://www.csmonitor.com/Business/2018/0712/US-expected-to-surpass-Saudi-Arabia-Russia-as-world-s-top-oil-producer |archive-date=May 16, 2020 |issn=0882-7729}}</ref><ref>{{Cite book |url=https://books.google.com/books?id=zKEe6yC-IQcC&q=Annual+Energy+Review+1987&pg=PA252 |title=Annual Energy Review |date=1990 |publisher=The Administration |page=252 |language=en |access-date=November 18, 2020 |archive-url=https://web.archive.org/web/20211122221351/https://books.google.com/books?id=zKEe6yC-IQcC&q=Annual+Energy+Review+1987&pg=PA252 |archive-date=November 22, 2021 |url-status=live}}</ref>
More recently explored is [[Thermal depolymerization]] (TDP). In theory, TDP can convert any organic waste into petroleum.
 
In [[1973 oil crisis|1973]], Saudi Arabia and other [[Organization of Arab Petroleum Exporting Countries|Arab nations]] imposed an [[oil embargo]] against the United States, United Kingdom, Japan and other Western nations which supported [[Israel]] in the [[Yom Kippur War]] of October 1973.<ref>{{Cite news |date=November 23, 1973 |title=The Arab Oil Threat |work=The New York Times |url=https://www.nytimes.com/1973/11/23/archives/the-arab-oil-threat.html |url-status=live |access-date=July 22, 2019 |archive-url=https://web.archive.org/web/20190722073135/https://www.nytimes.com/1973/11/23/archives/the-arab-oil-threat.html |archive-date=July 22, 2019}}</ref> The embargo caused an [[1973 oil crisis|oil crisis]]. This was followed by the [[1979 oil crisis]], which was caused by a drop in [[oil production]] in the wake of the [[Iranian Revolution]] and caused oil prices to more than double.
===Production and consumption===
{{sect-stub}}
[[Image:Hubbert world 2004.png|thumb|250px|2004 U.S. government predictions for oil production other than in [[OPEC]] and the [[former Soviet Union]]]]
 
===21st century===
[[Image:World energy consumption, 1970-2025, EIA.png|thumb|right|300px|World energy consumption, 1970-2025. ''Source: International Energy Outlook 2004.'']]
The two oil price shocks had many short- and long-term effects on global politics and the global economy.<ref>{{Cite news |date=April 18, 2006 |title=The price of oil – in context |work=CBC News |url=http://www.cbc.ca/news/background/oil/ |url-status=live |archive-url=https://web.archive.org/web/20070609145246/http://www.cbc.ca/news/background/oil/ |archive-date=June 9, 2007}}</ref> They led to sustained reductions in demand as a result of substitution to other fuels, especially coal and nuclear, and improvements in [[Efficient energy use|energy efficiency]], facilitated by government policies.<ref>{{Cite web |last=World Bank |title=Commodity Markets Outlook: The Impact of the War in Ukraine on Commodity Markets, April 2022. |url=https://openknowledge.worldbank.org/bitstream/handle/10986/37223/CMO-April-2022.pdf}}</ref> High oil prices also induced investment in oil production by non-OPEC countries, including Prudhoe Bay in Alaska, the North Sea offshore fields of the United Kingdom and Norway, the Cantarell offshore field of Mexico, and oil sands in Canada.<ref>{{Cite web |title=Commodity Markets: Evolution, Challenges, and Policies |url=https://www.worldbank.org/en/research/publication/commodity-markets |access-date=May 13, 2022 |website=World Bank |language=en}}</ref>
<br clear="all">
 
About 90 percent of vehicular fuel needs are met by oil. Petroleum also makes up 40 percent of total energy consumption in the [[United States]], but is responsible for only one percent of electricity generation.<ref>{{Cite web |title=EIA – Electricity Data |url=https://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_1_1 |url-status=live |archive-url=https://web.archive.org/web/20170710095902/https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_1_1 |archive-date=July 10, 2017 |access-date=April 18, 2017 |website=www.eia.gov}}</ref> Petroleum's worth as a portable, dense energy source powering the vast majority of vehicles and as the base of many industrial chemicals makes it one of the world's most important [[commodities]].
==Environmental effects==
[[Image:Global Carbon Emission by Type.png|thumb|250px|Global fossil carbon emissions, an indicator of consumption, for 1800-2000. Total is black. Oil is in blue.]]
 
The top three oil-producing countries as of 2018 are the United States, [[Russia]], and [[Saudi Arabia]].<ref name="U.S. Energy Information Administration">{{Cite web |title=The United States is now the largest global crude oil producer |url=https://www.eia.gov/todayinenergy/detail.php?id=37053 |url-status=live |archive-url=https://web.archive.org/web/20181003230307/https://www.eia.gov/todayinenergy/detail.php?id=37053 |archive-date=October 3, 2018 |access-date=October 6, 2018 |website=www.eia.gov |publisher=Today in Energy – U.S. Energy Information Administration (EIA)}}</ref> In 2018, due in part to developments in [[hydraulic fracturing]] and [[horizontal drilling]], the United States became the world's largest producer.<ref>{{Cite web |title=US soon to leapfrog Saudis, Russia as top oil producer |url=https://www.abqjournal.com/1195285/us-soon-to-leapfrog-saudis-russia-as-top-oil-producer.html |url-status=live |archive-url=https://web.archive.org/web/20181006075340/https://www.abqjournal.com/1195285/us-soon-to-leapfrog-saudis-russia-as-top-oil-producer.html |archive-date=October 6, 2018 |access-date=October 6, 2018 |website=www.abqjournal.com |publisher=The Associated Press}}</ref>
The presence of oil has significant [[society|social]] and [[environment]]al impacts, from accidents and routine activities such as [[seismology|seismic]] exploration, drilling, and generation of [[pollution|polluting]] wastes. Oil extraction is costly and sometimes environmentally damaging, although Dr. [[John Hunt (oceanographer)|John Hunt]] of the [[Woods Hole Oceanographic Institution]] pointed out in a 1981 paper that over 70% of the reserves in the world are associated with visible macroseepages, and many oil fields are found due to natural leaks. Offshore exploration and extraction of oil disturbs the surrounding marine environment. Extraction may involve [[dredging]], which stirs up the [[seabed]], [[kill]]ing the sea plants that marine creatures need to survive. Crude oil and refined fuel spills from [[tanker (ship)|tanker ship]] accidents have damaged fragile [[ecosystem]]s in [[Alaska]], the [[Galapagos Islands]], [[Spain]], and many other places.
 
About 80 percent of the world's readily accessible reserves are located in the [[Middle East]], with 62.5 percent coming from the Arab five: [[Saudi Arabia]], [[United Arab Emirates]], [[Iraq]], [[Qatar]], and [[Kuwait]]. A large portion of the world's total oil exists as unconventional sources, such as [[bitumen]] in [[Athabasca oil sands]] and [[extra heavy oil]] in the [[Orinoco Belt]]. While significant volumes of oil are extracted from oil sands, particularly in Canada, logistical and technical hurdles remain, as oil extraction requires large amounts of heat and water, making its net energy content quite low relative to conventional crude oil. Thus, Canada's oil sands are not expected to provide more than a few million barrels per day in the foreseeable future.<ref>{{Cite news |date=October 18, 2017 |title=Canada's oil sands survive, but can't thrive in a $50 oil world |language=en |work=Reuters |url=https://www.reuters.com/article/us-canada-oilsands-economics-analysis-idUSKBN1CN0FD |url-status=live |access-date=April 5, 2020 |archive-url=https://web.archive.org/web/20200518005508/https://www.reuters.com/article/us-canada-oilsands-economics-analysis-idUSKBN1CN0FD |archive-date=May 18, 2020}}</ref><ref>{{Cite web |title=Crude Oil Forecast {{!}} Canadian Association of Petroleum Producers |url=https://www.capp.ca/resources/crude-oil-forecast/ |url-status=live |archive-url=https://web.archive.org/web/20200515020045/https://www.capp.ca/resources/crude-oil-forecast/ |archive-date=May 15, 2020 |access-date=April 5, 2020 |website=CAPP |language=en-US}}</ref><ref>{{Cite web |title=IHS Markit: Canadian oil sands production to be ~1M barrels higher by 2030 but with lower annual growth; boosted by deterioration in Venezuela |url=https://www.greencarcongress.com/2019/06/20190606-oilsands.html |url-status=live |archive-url=https://web.archive.org/web/20200531155825/https://www.greencarcongress.com/2019/06/20190606-oilsands.html |archive-date=May 31, 2020 |access-date=April 5, 2020 |website=Green Car Congress}}</ref>
Burning oil releases carbon dioxide into the atmosphere, which contributes to [[global warming]]. Per energy unit, oil produces less [[CO2|CO<sub>2</sub>]] than coal, but more than natural gas. However, oil's unique role as a [[transportation]] fuel makes reducing its CO<sub>2</sub> emissions a particularly thorny problem; amelioration strategies such as [[carbon sequestering]] are generally geared for large [[power plant]]s, not individual vehicles.
 
== Composition ==
[[Renewable energy source]] alternatives do exist, although the degree to which they can replace petroleum and the possible environmental damage they may cause are uncertain and controversial. [[Sun]], [[wind]], [[geothermal]], and other renewable electricity sources cannot directly replace high energy density liquid petroleum for transportation use; instead automobiles and other equipment must be altered to allow using electricity (in [[battery (electricity)|batteries]]) or [[hydrogen]] (via [[fuel cell]]s or internal combustion) which can be produced from renewable sources. Other options include using [[biomass]]-origin liquid fuels ([[ethanol]], [[biodiesel]]). Any combination of solutions to replace petroleum as a liquid transportation fuel will be a very large undertaking.
Petroleum consists of a variety of liquid, gaseous, and solid components. Lighter hydrocarbons are the gases [[methane]], [[ethane]], [[propane]] and [[butane]]. Otherwise, the bulk of the liquid and solids are largely heavier organic compounds, often hydrocarbons (C and H only). The proportion of light hydrocarbons in the petroleum mixture varies among [[oil fields]].<ref name="Norman-2001">{{Cite book |last=Norman |first=J. Hyne |title=Nontechnical guide to petroleum geology, exploration, drilling, and production |date=2001 |publisher=Penn Well Corp |isbn=978-0-87814-823-3 |edition=2nd |___location=Tulsa, OK |pages=1–4 |oclc=49853640}}</ref>
 
An [[oil well]] produces predominantly crude oil. Because the pressure is lower at the surface than underground, some of the gas will come out of [[Solution (chemistry)|solution]] and be recovered (or burned) as ''associated gas'' or ''solution gas''. A [[gas well]] produces predominantly [[natural gas]]. However, because the underground temperature is higher than at the surface, the gas may contain heavier hydrocarbons such as pentane, [[hexane]], and [[heptane]] ("[[natural-gas condensate]]", often shortened to ''condensate.'') Condensate resembles gasoline in appearance and is similar in composition to some [[volatility (chemistry)|volatile]] [[light crude oil]]s.<ref>{{Cite book |last=Speight |first=James G. |url=https://books.google.com/books?id=uG-KDwAAQBAJ&q=Condensate+resembles+gasoline&pg=PA13 |title=Heavy Oil Recovery and Upgrading |publisher=Elsevier |year=2019 |isbn=978-0-12-813025-4 |page=13 |language=en |access-date=November 18, 2020 |archive-url=https://web.archive.org/web/20211122221156/https://books.google.com/books?id=uG-KDwAAQBAJ&q=Condensate+resembles+gasoline&pg=PA13 |archive-date=November 22, 2021 |url-status=live}}</ref><ref>{{Cite book |last=Hilyard |first=Joseph |url=https://books.google.com/books?id=F91w410iRLsC&q=Condensate+resembles+gasoline+in+appearance+and+is+similar+in+composition+to+some+volatile+light+crude+oils.&pg=PA31 |title=The Oil & Gas Industry: A Nontechnical Guide |date=2012 |publisher=PennWell Books |isbn=978-1-59370-254-0 |page=31 |language=en}}</ref>
''(See also [[Hydrogen economy]].)''
 
The hydrocarbons in crude oil are mostly [[alkane]]s, [[cycloalkane]]s and various [[aromatic hydrocarbon]]s, while the other organic compounds contain [[nitrogen]], [[oxygen]], and [[sulfur]], and traces of metals such as iron, nickel, copper and [[vanadium]]. Many oil reservoirs contain live bacteria.<ref>{{Cite book |last1=Ollivier |first1=Bernard |title=Petroleum Microbiology |last2=Magot |first2=Michel |date=2005 |publisher=American Society of Microbiology |isbn=978-1-55581-758-9 |___location=Washington, DC |doi=10.1128/9781555817589}}</ref> The exact molecular composition of crude oil varies widely from formation to formation but the proportion of [[chemical element]]s varies over fairly narrow limits as follows:<ref name="Speight-1999">{{Cite book |last=Speight |first=J. G. |title=The chemistry and technology of petroleum |date=1999 |publisher=Marcel Dekker |isbn=978-0-8247-0217-5 |edition=3rd ed., rev. and expanded |___location=New York |pages=215–216, 543 |oclc=44958948}}</ref>
==Future of oil==
{{main|Hubbert peak theory}}
 
{| class="wikitable"
The [[M. King Hubbert|Hubbert]] peak theory, also known as '''''[[peak oil]]''''', is a theory concerning the long-term rate of production of conventional oil and other fossil fuels. It assumes that [[oil reserves]] are not replenishable (i.e. that abiogenic replenishment, if it exists at all, is negligible), and predicts that future world oil production must inevitably reach a peak and then decline as these reserves are exhausted. Controversy surrounds the theory, as predictions for when the global peak will actually take place are highly dependent on the past production and discovery data used in the calculation.
|+ Composition by weight
|-
! Element !! Percent range
|-
|[[Carbon]] || 83 to 85%
|-
|[[Hydrogen]] || 10 to 14%
|-
|[[Nitrogen]] || 0.1 to 2%
|-
|[[Oxygen]] || 0.05 to 1.5%
|-
|[[Sulfur]] || 0.05 to 6.0%
|-
|[[Metal]]s || < 0.1%
|}
 
Four different types of hydrocarbon appear in crude oil. The relative percentage of each varies from oil to oil, determining the properties of each oil.<ref name="Norman-2001" />
Proponents of peak oil theory also refer as an example of their theory, that when any given oil well produces oil in similar volumes to the amount of water used to obtain the oil, it tends to produce less oil afterwards, leading to the relatively quick exhaustion and/or commercial unviablility of the well in question.
 
{| class="wikitable"
The issue can be considered from the point of view of individual regions or of the world as a whole. Originally [[M. King Hubbert]] noticed that the ''discoveries'' in the United States had peaked in the early 1930s, and concluded that ''production'' would then peak in the early 1970s. His prediction turned out to be correct, and after the US peaked in 1971 - and thus lost its excess production capacity - [[OPEC]] was finally able to manipulate oil prices, which led to the oil crisis in 1973. Since then, most other countries have also peaked: Scotland's [[North Sea oil|North Sea]], for example in the late 1990s. China has confirmed that two of its largest producing regions are in decline, and Mexico's national oil company, [[Pemex]], has announced that [[Cantarell Field]], one of the world's largest offshore fields, is expected to peak in 2006, and then decline 14% per annum.
|+ Composition by weight
|-
! Hydrocarbon !! Average !! Range
|-
|[[Alkane]]s (paraffins)|| 30% || 15 to 60%
|-
|[[Naphthene]]s || 49% || 30 to 60%
|-
|[[Aromatic]]s || 15% || 3 to 30%
|-
|[[Asphaltene|Asphaltics]] || 6% || remainder
|}
 
[[File:Total World Oil Reserves Conventional Unconventional.png|thumb|Unconventional resources are much larger than conventional ones.<ref>{{Cite magazine |last=Alboudwarej, Hussein |display-authors=etal |date=Summer 2006 |title=Highlighting Heavy Oil |url=http://www.slb.com/~/media/Files/resources/oilfield_review/ors06/sum06/heavy_oil.ashx |format=PDF |archive-url=https://web.archive.org/web/20120411145144/http://www.slb.com/~/media/Files/resources/oilfield_review/ors06/sum06/heavy_oil.ashx |archive-date=April 11, 2012 |access-date=July 4, 2012 |periodical=Oilfield Review}}</ref>]]
For various reasons (perhaps most importantly the lack of transparency in [[accounting]] of global oil reserves), it is difficult to predict the oil peak in any given region. Based on available production data, proponents have previously (and incorrectly) predicted the peak for the world to be in years 1989, 1995, or 1995-2000. However these predictions date from before the recession of the early 1980s, and the consequent reduction in global consumption, the effect of which was to delay the date of any peak by several years. A new prediction by [[Goldman Sachs]] picks 2007 for oil and some time later for natural gas. Just as the 1971 U.S. peak in oil production was only clearly recognized after the fact, a peak in world production will be difficult to discern until production clearly drops off.
[[File:Isooctane-3D-balls.png|thumb|[[2,2,4-Trimethylpentane]], a [[hydrocarbon]] with the [[octane number]] of 100. Black spheres are [[carbon]] and white spheres are [[hydrogen]] atoms.]]
 
The alkanes from [[pentane]] (C<sub>5</sub>H<sub>12</sub>) to [[octane]] (C<sub>8</sub>H<sub>18</sub>) are [[oil refinery|refined]] into gasoline, the ones from [[nonane]] (C<sub>9</sub>H<sub>20</sub>) to [[hexadecane]] (C<sub>16</sub>H<sub>34</sub>) into [[diesel fuel]], [[kerosene]] and [[jet fuel]]. Alkanes with more than 16 carbon atoms can be refined into [[fuel oil]] and [[lubricating oil]]. At the heavier end of the range, [[paraffin wax]] is an alkane with approximately 25 carbon atoms, while [[Bitumen|asphalt]] has 35 and up, although these are usually [[Fluid catalytic cracking|cracked]] in modern refineries into more valuable products. The lightest fraction, the so-called petroleum gases are subjected to diverse processing depending on cost. These gases are either [[flare stack|flared off]], sold as [[liquefied petroleum gas]], or used to power the refinery's own burners. During the winter, butane (C<sub>4</sub>H<sub>10</sub>), is blended into the gasoline pool at high rates, because its high vapour pressure assists with cold starts.
One signal is that 2005 saw a dramatic fall in announced new oil projects coming to production from 2008 onwards. Since it takes on average four to six years for a new project to start producing oil, in order to avoid the peak, these new projects would have to not only make up for the depletion of current fields, but increase total production annually to meet increasing demand.
2005 also saw substantial increases in oil prices due to temporary circumstances, which then failed to be controlled by increasing production. The inability to increase production in the short term, indicating a general lack of spare capacity, and the corresponding uncontrolled price fluctuations, can be interpreted as a sign that peak oil has occurred or is presently in the process of occurring.
 
The ''aromatic hydrocarbons'' are [[degree of unsaturation|unsaturated hydrocarbons]] that have one or more [[benzene ring]]s. They tend to burn with a sooty flame, and many have a sweet aroma. Some are [[carcinogenic]].
==Classification==
The [[oil industry]] classifies "crude" by the ___location of its origin (e.g., "West Texas Intermediate, WTI" or "Brent") and often by its relative weight ([[API gravity]]) or [[viscosity]] ("[[Light crude oil|light]]", "intermediate" or "[[Heavy crude oil|heavy]]"); refiners may also refer to it as "sweet", which means it contains relatively little [[sulfur]], or as "sour", which means it contains substantial amounts of [[sulfur]] and requires more refining in order to meet current product specifications.
 
These different components are separated by [[fractional distillation]] at an oil refinery to produce gasoline, jet fuel, kerosene, and other hydrocarbon fractions.
The world reference [[barrel (unit)|barrel]]s are:
 
* '''Brent Blend''', comprising 15 oils from fields in the [[Brent oilfield|Brent]] and [[Ninian]] systems in the [[East Shetland Basin]] of the [[North Sea]]. The oil is landed at [[Sullom Voe]] terminal in the [[Shetlands]]. Oil production from Europe, Africa and Middle Eastern oil flowing West tends to be priced off the price of this oil, which forms a [[benchmark]]. See also [[Brent crude]].
The components in an oil sample can be determined by [[gas chromatography]] and [[mass spectrometry]].<ref>[http://www.norden.org/pub/ebook/2003-516.pdf Use of ozone depleting substances in laboratories] {{webarchive|url=https://web.archive.org/web/20080227052412/http://www.norden.org/pub/ebook/2003-516.pdf |date=February 27, 2008 }}. TemaNord 2003:516.</ref> Due to the large number of co-eluted hydrocarbons within oil, many cannot be resolved by traditional gas chromatography. This [[unresolved complex mixture]] (UCM) of hydrocarbons is particularly apparent when analysing weathered oils and extracts from tissues of organisms exposed to oil.
* [[West Texas Intermediate]] (WTI) for North American oil.
 
* Dubai, used as benchmark for Middle East oil flowing to the [[Asia]]-[[Pacific]] region.
Crude oil varies greatly in appearance depending on its composition. It is usually black or dark brown (although it may be yellowish, reddish, or even greenish). In the reservoir it is usually found in association with natural gas, which being lighter forms a "gas cap" over the petroleum, and [[saline water]] which, being heavier than most forms of crude oil, generally sinks beneath it. Crude oil may also be found in a semi-solid form mixed with sand and water, as in the [[Athabasca oil sands]] in Canada, where it is usually referred to as crude [[bitumen]]. In Canada, bitumen is considered a sticky, black, tar-like form of crude oil which is so thick and heavy that it must be heated or diluted before it will flow.<ref>{{Cite web |year=2007 |title=Oil Sands – Glossary |url=http://www.energy.gov.ab.ca/OilSands/1106.asp |archive-url=https://web.archive.org/web/20071101112113/http://www.energy.gov.ab.ca/OilSands/1106.asp |archive-date=November 1, 2007 |access-date=October 2, 2008 |website=Mines and Minerals Act |publisher=Government of Alberta}}</ref> Venezuela also has large amounts of oil in the [[Orinoco oil sands]], although the hydrocarbons trapped in them are more fluid than in Canada and are usually called [[extra heavy oil]]. These oil sands resources are called [[unconventional oil]] to distinguish them from oil which can be extracted using traditional oil well methods. Between them, Canada and [[Venezuela]] contain an estimated {{convert|3.6|Toilbbl}} of bitumen and extra-heavy oil, about twice the volume of the world's reserves of conventional oil.<ref>{{Cite web |year=2008 |title=Oil Sands in Canada and Venezuela |url=http://oilsands.infomine.com/countries/ |archive-url=https://web.archive.org/web/20081219113841/http://oilsands.infomine.com/countries/ |archive-date=December 19, 2008 |access-date=October 2, 2008 |publisher=Infomine Inc.}}</ref>
* Tapis (from [[Malaysia]], used as a reference for light Far East oil)
 
== Formation ==
=== Fossil petroleum ===
[[File:Treibs&Chlorophyll.png|thumb|Structure of a vanadium [[porphyrin]] compound (left) extracted from petroleum by [[Alfred E. Treibs]], father of [[organic geochemistry]]. Treibs noted the close structural similarity of this molecule and [[chlorophyll a]] (right).<ref>{{Cite journal |last=Treibs, A.E. |year=1936 |title=Chlorophyll- und Häminderivate in organischen Mineralstoffen |journal=Angew. Chem. |volume=49 |issue=38 |pages=682–686 |bibcode=1936AngCh..49..682T |doi=10.1002/ange.19360493803|issn = 0044-8249}}</ref><ref>{{Cite journal |last=Kvenvolden, K.A. |year=2006 |title=Organic geochemistry – A retrospective of its first 70 years |url=https://zenodo.org/record/1000677 |url-status=live |journal=Org. Geochem. |volume=37 |issue=1 |pages=1–11 |bibcode=2006OrGeo..37....1K |doi=10.1016/j.orggeochem.2005.09.001 |s2cid=95305299 |archive-url=https://web.archive.org/web/20190607232519/https://zenodo.org/record/1000677 |archive-date=June 7, 2019 |access-date=July 1, 2019}}</ref>]]
Petroleum is a [[fossil fuel]] derived from [[fossilized]] [[organic material]]s, such as [[zooplankton]] and [[algae]].<ref>{{Cite journal |last=Kvenvolden |first=Keith A. |year=2006 |title=Organic geochemistry – A retrospective of its first 70 years |url=https://zenodo.org/record/1000677 |url-status=live |journal=Organic Geochemistry |volume=37 |issue=1 |pages=1–11 |bibcode=2006OrGeo..37....1K |doi=10.1016/j.orggeochem.2005.09.001 |s2cid=95305299 |archive-url=https://web.archive.org/web/20190607232519/https://zenodo.org/record/1000677 |archive-date=June 7, 2019 |access-date=July 1, 2019}}</ref><ref name="Schobert-2013">{{Cite book |last=Schobert |first=Harold H. |title=Chemistry of fossil fuels and biofuels |publisher=Cambridge University Press |year=2013 |isbn=978-0-521-11400-4 |___location=Cambridge |pages=103–130 |oclc=795763460}}</ref> Vast amounts of these remains settled to sea or lake bottoms where they were covered in [[stagnant water]] (water with no dissolved [[oxygen]]) or [[sediment]]s such as [[mud]] and [[silt]] faster than they could [[Decomposition#Anaerobic vs aerobic|decompose aerobically]]. Approximately 1 [[Metre|m]] below this sediment, water oxygen concentration was low, below 0.1&nbsp;mg/L, and [[Anoxic waters|anoxic conditions]] existed. Temperatures also remained constant.<ref name="Schobert-2013" />
 
As further layers settled into the sea or lake bed, intense heat and pressure built up in the lower regions. This process caused the organic matter to change, first into a waxy material known as [[kerogen]], found in various [[oil shale]]s around the world, and then with more heat into liquid and gaseous [[hydrocarbon]]s via a process known as [[Catagenesis (geology)|catagenesis]]. Formation of petroleum occurs from hydrocarbon [[pyrolysis]] in a variety of mainly [[endothermic]] reactions at high temperatures or pressures, or both.<ref name="Schobert-2013" /><ref name="Braun-1993" /> These phases are described in detail below.
 
==== Anaerobic decay ====
In the absence of plentiful oxygen, [[Aerobic organism|''aerobic'' bacteria]] were prevented from decaying the organic matter after it was buried under a layer of sediment or water. However, [[Anaerobic organism|''anaerobic'' bacteria]] were able to reduce [[sulfate]]s and [[nitrate]]s among the matter to [[Hydrogen sulfide|H<sub>2</sub>S]] and [[Nitrogen|N<sub>2</sub>]] respectively by using the matter as a source for other reactants. Due to such anaerobic bacteria, at first, this matter began to break apart mostly via [[hydrolysis]]: [[polysaccharide]]s and [[protein]]s were hydrolyzed to [[simple sugars]] and [[amino acid]]s respectively. These were further anaerobically [[oxidized]] at an accelerated rate by the [[enzyme]]s of the bacteria: e.g., amino acids went through [[oxidative deamination]] to [[amino acid]]s, which in turn reacted further to [[ammonia]] and [[Keto acid|α-keto acids]]. [[Monosaccharide]]s in turn ultimately decayed to [[Carbon dioxide|CO<sub>2</sub>]] and [[methane]]. The anaerobic decay products of amino acids, monosaccharides, [[phenols]] and [[aldehyde]]s combined into [[fulvic acid]]s. [[Fat]]s and [[wax]]es were not extensively hydrolyzed under these mild conditions.<ref name="Schobert-2013" />
 
==== Kerogen formation ====
Some [[Phenols|phenolic compounds]] produced from previous reactions worked as [[bactericide]]s and the [[Actinomycetales]] order of bacteria also produced antibiotic compounds (e.g., [[streptomycin]]). Thus the action of anaerobic bacteria ceased at about 10&nbsp;m below the water or sediment. The mixture at this depth contained fulvic acids, unreacted and partially reacted fats and waxes, slightly modified [[lignin]], resins and other hydrocarbons.<ref name="Schobert-2013" /> As more layers of organic matter settled into the sea or lake bed, intense heat and pressure built up in the lower regions.<ref name="Braun-1993">{{Cite report |url=http://www.osti.gov/servlets/purl/10169154-cT5xip/ |title=Chemical reaction model for oil and gas generation from type 1 and type 2 kerogen |last1=Braun |first1=R.L. |last2=Burnham |first2=A.K. |date=June 1993 |publisher=Lawrence Livermore National Laboratory |doi=10.2172/10169154 |access-date=March 18, 2018 |archive-url=https://web.archive.org/web/20200517104249/https://www.osti.gov/biblio/10169154-cT5xip/ |archive-date=May 17, 2020 |url-status=live}}</ref> As a consequence, compounds of this mixture began to combine in poorly understood ways to [[kerogen]]. Combination happened in a similar fashion as [[phenol]] and [[formaldehyde]] molecules react to [[urea-formaldehyde]] resins, but kerogen formation occurred in a more complex manner due to a bigger variety of reactants. The total process of kerogen formation from the beginning of anaerobic decay is called '''diagenesis''', a word that means a transformation of materials by dissolution and recombination of their constituents.<ref name="Schobert-2013" />
 
==== Transformation of kerogen into fossil fuels ====
Kerogen formation continued to a depth of about 1 [[km]] from the Earth's surface where temperatures may reach around 50 [[°C]]. Kerogen formation represents a halfway point between organic matter and [[fossil fuels]]: kerogen can be exposed to oxygen, oxidize and thus be lost, or it could be buried deeper inside the [[Crust (geology)|Earth's crust]] and be subjected to conditions which allow it to slowly transform into fossil fuels like petroleum. The latter happened through '''catagenesis''' in which the reactions were mostly [[Radical (chemistry)|radical]] [[Rearrangement reaction|rearrangements]] of kerogen. These reactions took thousands to millions of years and no external reactants were involved. Due to the radical nature of these reactions, kerogen reacted towards two classes of products: those with low H/C ratio ([[anthracene]] or products similar to it) and those with high H/C ratio ([[methane]] or products similar to it); i.e., carbon-rich or hydrogen-rich products. Because catagenesis was closed off from external reactants, the resulting composition of the fuel mixture was dependent on the composition of the kerogen via reaction [[stoichiometry]]. Three types of kerogen exist: type I (algal), II (liptinic) and III (humic), which were formed mainly from [[algae]], [[plankton]] and [[woody plant]]s (this term includes [[tree]]s, [[shrub]]s and [[liana]]s) respectively.<ref name="Schobert-2013" />
 
Catagenesis was [[pyrolytic]] despite the fact that it happened at relatively low temperatures (when compared to commercial pyrolysis plants) of 60 to several hundred °C. Pyrolysis was possible because of the long reaction times involved. Heat for catagenesis came from the decomposition of [[radioactive]] materials of the crust, especially [[Potassium-40|<sup>40</sup>K]], [[Thorium-232|<sup>232</sup>Th]], [[Uranium-235|<sup>235</sup>U]] and [[Uranium-238|<sup>238</sup>U]]. The heat varied with [[geothermal gradient]] and was typically 10–30&nbsp;°C per km of depth from the Earth's surface. Unusual [[magma]] intrusions, however, could have created greater localized heating.<ref name="Schobert-2013" />
 
==== Oil window (temperature range) ====
Geologists often refer to the temperature range in which oil forms as an ''"oil window"''.<ref name="Stanford_Edu">{{Cite web |last=Malyshev |first=Dmitry |date=December 13, 2013 |title=Origin of oil |url=http://large.stanford.edu/courses/2013/ph240/malyshev2/ |url-status=live |archive-url=https://web.archive.org/web/20210921125720/http://large.stanford.edu/courses/2013/ph240/malyshev2/ |archive-date=September 21, 2021 |access-date=September 21, 2021 |website=large.stanford.edu |language=English}}</ref><ref>{{Cite book |url=https://books.google.com/books?id=xwLHnC9qMsgC&pg=PA104 |title=Polar Prospects:A minerals treaty for Antarctica |publisher=United States, Office of Technology Assessment |year=1989 |isbn=978-1-4289-2232-7 |page=104 |access-date=May 12, 2020 |archive-url=https://web.archive.org/web/20200729203620/https://books.google.com/books?id=xwLHnC9qMsgC&pg=PA104 |archive-date=July 29, 2020 |url-status=live}}</ref><ref name="Schobert-2013" /> Below the minimum temperature oil remains trapped in the form of kerogen. Above the maximum temperature the oil is converted to natural gas through the process of [[thermal cracking]]. Sometimes, oil formed at extreme depths may migrate and become trapped at a much shallower level. The [[Athabasca oil sands]] are one example of this.<ref name="Schobert-2013" />
 
=== Abiogenic petroleum ===
{{Main|Abiogenic petroleum origin}}
An alternative mechanism to the one described above was proposed by Russian scientists in the mid-1850s, the hypothesis of [[abiogenic petroleum origin]] (petroleum formed by inorganic means), but this is contradicted by geological and [[geochemical]] evidence.<ref name="glasby2006">{{Cite journal |last=Glasby |first=Geoffrey P |date=2006 |title=Abiogenic origin of hydrocarbons: an historical overview |url=http://static.scribd.com/docs/j79lhbgbjbqrb.pdf |journal=Resource Geology |volume=56 |issue=1 |pages=85–98 |doi=10.1111/j.1751-3928.2006.tb00271.x |bibcode=2006ReGeo..56...83G |s2cid=17968123 |archive-url=https://wayback.archive-it.org/all/20080226224750/http://static.scribd.com/docs/j79lhbgbjbqrb.pdf |archive-date=February 26, 2008 |access-date=January 29, 2008}}</ref> Abiogenic sources of oil have been found, but never in commercially profitable amounts. "The controversy isn't over whether abiogenic oil reserves exist," said Larry Nation of the American Association of Petroleum Geologists. "The controversy is over how much they contribute to Earth's overall reserves and how much time and effort geologists should devote to seeking them out."<ref>{{Cite journal |date=October 11, 2005 |title=The Mysterious Origin and Supply of Oil |url=http://www.livescience.com/9404-mysterious-origin-supply-oil.html |url-status=live |journal=Live Science |archive-url=https://web.archive.org/web/20160127095201/http://www.livescience.com/9404-mysterious-origin-supply-oil.html |archive-date=January 27, 2016}}</ref>
 
== Reservoirs ==
{{main|Petroleum reservoir}}
{{More citations needed section|date=October 2016}}
[[File:Structural Trap (Anticlinal).svg|thumb|A [[hydrocarbon]] trap consists of a reservoir rock (yellow) where oil (red) can accumulate, and a caprock (green) that prevents it from egressing.]]
Three conditions must be present for oil reservoirs to form:
* A [[source rock]] rich in [[hydrocarbon]] material buried deeply enough for subterranean heat to cook it into oil,
* A [[porous]] and [[permeability (fluid)|permeable]] reservoir rock where it can accumulate,
* A [[caprock]] (seal) or other mechanism to prevent the oil from escaping to the surface. Within these reservoirs, fluids will typically organize themselves like a three-layer cake with a layer of water below the oil layer and a layer of gas above it, although the different layers vary in size between reservoirs. Because most hydrocarbons are less dense than rock or [[water]], they often migrate upward through adjacent rock layers until either reaching the surface or becoming trapped within porous rocks (known as [[oil reservoir|reservoirs]]) by impermeable rocks above. However, the process is influenced by underground water flows, causing oil to migrate hundreds of kilometres horizontally or even short distances downward before becoming trapped in a reservoir. When hydrocarbons are concentrated in a trap, an [[oil field]] forms, from which the liquid can be extracted by [[drill]]ing and [[pump]]ing.
 
The reactions that produce oil and natural gas are often modeled as first order breakdown reactions, where hydrocarbons are broken down to oil and natural gas by a set of parallel reactions, and oil eventually breaks down to natural gas by another set of reactions. The latter set is regularly used in [[petrochemical]] plants and [[oil refineries]].
 
Petroleum has mostly been recovered by [[oil drilling]] (natural petroleum springs are rare). Drilling is carried out after studies of structural geology (at the reservoir scale), sedimentary basin analysis, and reservoir characterisation (mainly in terms of the [[porosity]] and [[Permeability (earth sciences)|permeability]] of geologic reservoir structures).<ref>{{Cite journal |vauthors=Guerriero V, etal |year=2012 |title=A permeability model for naturally fractured carbonate reservoirs |journal=[[Marine and Petroleum Geology]] |volume=40 |pages=115–134 |doi=10.1016/j.marpetgeo.2012.11.002}}</ref><ref>{{Cite journal |vauthors=Guerriero V, etal |year=2011 |title=Improved statistical multi-scale analysis of fractures in carbonate reservoir analogues |journal=[[Tectonophysics (journal)|Tectonophysics]] |volume=504 |issue=1 |pages=14–24 |bibcode=2011Tectp.504...14G |doi=10.1016/j.tecto.2011.01.003}}</ref> Wells are drilled into oil reservoirs to extract the crude oil. "Natural lift" production methods that rely on the natural reservoir pressure to force the oil to the surface are usually sufficient for a while after reservoirs are first tapped. In some reservoirs, such as in the Middle East, the natural pressure is sufficient over a long time. The natural pressure in most reservoirs, however, eventually dissipates. Then the oil must be extracted using "[[artificial lift]]" means. Over time, these "primary" methods become less effective and "secondary" production methods may be used. A common secondary method is [[Water injection (oil production)|"waterflood"]] or injection of water into the reservoir to increase pressure and force the oil to the drilled shaft or "wellbore." Eventually "tertiary" or "enhanced" oil recovery methods may be used to increase the oil's flow characteristics by injecting steam, carbon dioxide and other gases or chemicals into the reservoir. In the United States, primary production methods account for less than 40 percent of the oil produced on a daily basis, secondary methods account for about half, and tertiary recovery the remaining 10 percent. Extracting oil (or "bitumen") from oil/tar sand and oil shale deposits requires mining the sand or shale and heating it in a vessel or retort, or using "in-situ" methods of injecting heated liquids into the deposit and then pumping the liquid back out saturated with oil.
 
=== Unconventional oil reservoirs ===
{{See also|Unconventional oil|Oil sands|Oil shale reserves|Unconventional (oil and gas) reservoir}}
Oil-eating bacteria [[biodegrade]] oil that has escaped to the surface. [[Oil sands]] are reservoirs of partially biodegraded oil still in the process of escaping and being biodegraded, but they contain so much migrating oil that, although most of it has escaped, vast amounts are still present—more than can be found in conventional oil reservoirs. The lighter fractions of the crude oil are destroyed first, resulting in reservoirs containing an extremely heavy form of crude oil, called crude bitumen in Canada, or extra-heavy crude oil in [[Venezuela]]. These two countries have the world's largest deposits of oil sands.<ref>{{Cite web |date=June 19, 2020 |title=Tar sands |url=https://www.strausscenter.org/energy-and-security-project/tar-sands/ |access-date=June 26, 2022 |publisher=The Strauss Center.}}</ref>
 
On the other hand, [[oil shales]] are source rocks that have not been exposed to heat or pressure long enough to convert their trapped hydrocarbons into crude oil. Technically speaking, oil shales are not always shales and do not contain oil, but are fined-grain sedimentary rocks containing an insoluble organic solid called [[kerogen]]. The kerogen in the rock can be converted into crude oil using heat and pressure to simulate natural processes. The method has been known for centuries and was patented in 1694 under British Crown Patent No. 330 covering, "A way to extract and make great quantities of pitch, tar, and oil out of a sort of stone." Although oil shales are found in many countries, the United States has the world's largest deposits.<ref name="Lambertson">{{Cite news |last=Lambertson |first=Giles |date=February 16, 2008 |title=Oil Shale: Ready to Unlock the Rock |publisher=Construction Equipment Guide |url=http://www.cegltd.com/story.asp?story=10092 |url-status=live |access-date=May 21, 2008 |archive-url=https://web.archive.org/web/20170711112037/http://www.constructionequipmentguide.com/redirect/10092?story=10092 |archive-date=July 11, 2017}}</ref>
 
== Classification ==
{{globalize|date=January 2024}}
{{See also|Benchmark (crude oil)}}
[[File:Crudes.PNG|thumb|Some [[Benchmark (crude oil)|marker crudes]] with their [[sulfur]] content (horizontal) and [[API gravity]] (vertical) and relative production quantity.{{citation needed|date=March 2020|reason=Brent shown as sweeter than WTI, yet most sources claim the opposite. That and other claims in image probably need checking and sourcing. Example: http://www.petroleum.co.uk/benchmarks}}]]
The [[petroleum industry]] generally classifies crude oil by the geographic ___location it is produced in (e.g., [[West Texas Intermediate]], [[Brent oilfield|Brent]], or [[DME Oman Crude Oil Futures Contract|Oman]]), its [[API gravity]] (an oil industry measure of density), and its sulfur content. Crude oil may be considered ''[[Light crude oil|light]]'' if it has low density, ''[[Heavy crude oil|heavy]]'' if it has high density, or ''medium'' if it has a density between that of ''light'' and ''heavy''.<ref>{{Cite web |date=2009 |title=Glossary |url=http://www.capp.ca/library/glossary/Pages/default.aspx#l |archive-url=https://web.archive.org/web/20090827031218/http://www.capp.ca/library/glossary/Pages/default.aspx#l |archive-date=August 27, 2009 |access-date=November 29, 2020 |publisher=Canadian Association of Petroleum Producers}}</ref> Additionally, it may be referred to as ''[[sweet crude oil|sweet]]'' if it contains relatively little sulfur or ''[[sour crude oil|sour]]'' if it contains substantial amounts of sulfur.<ref>{{Cite web |title=Heavy Sour Crude Oil, A Challenge For Refiners |url=http://www.commodity-trading-today.com/sour-crude-oil.html |archive-url=https://web.archive.org/web/20081121001856/http://www.commodity-trading-today.com/sour-crude-oil.html |archive-date=November 21, 2008 |access-date=November 29, 2020}}</ref>
 
The geographic ___location is important because it affects transportation costs to the refinery. ''Light'' crude oil is more desirable than ''heavy'' oil since it produces a higher yield of gasoline, while ''sweet'' oil commands a higher price than ''sour'' oil because it has fewer environmental problems and requires less refining to meet sulfur standards imposed on fuels in consuming countries. Each crude oil has unique molecular characteristics which are revealed by the use of [[crude oil assay]] analysis in petroleum laboratories.<ref>{{Cite journal |last=Rhodes |first=Christopher J. |year=2008 |title=The Oil Question: Nature and Prognosis |journal=Science Progress |volume=91 |issue=4 |pages=317–375 |doi=10.3184/003685008X395201 |pmc=10367496 |pmid=19192735 |s2cid=31407897}}</ref>
 
[[barrel (unit)|Barrels]] from an area in which the crude oil's molecular characteristics have been determined and the oil has been classified are used as pricing [[Benchmark (crude oil)|references]] throughout the world. Some of the common reference crudes are:<ref>{{cite web |language=en |access-date=16 December 2024 |website=Fuel Logic |title=How US Gas Prices Affect the Overall Economy |date=September 12, 2024 |url=https://www.fuellogic.net/how-us-gas-prices-affect-the-overall-economy/}}</ref>
* [[West Texas Intermediate]] (WTI), a very high-quality, sweet, light oil delivered at [[Cushing, Oklahoma]] for North American oil
* [[Brent Blend]], consisting of 15 oils from fields in the [[Brent oilfield|Brent]] and [[Ninian Central Platform|Ninian]] systems in the [[East Shetland Basin]] of the [[North Sea]]. The oil landed at [[Sullom Voe]] terminal in [[Shetland]]. Oil production from Europe, Africa and Middle Eastern oil flowing West tends to be priced off this oil, which forms a [[Benchmark (crude oil)|benchmark]]
* [[Dubai Crude|Dubai-Oman]], used as a benchmark for the Middle East sour crude oil flowing to the Asia-Pacific region
* [[Tapis crude|Tapis]] (from [[Malaysia]], used as a reference for light Far East oil)
* Minas (from [[Indonesia]], used as a reference for heavy Far East oil)
* The [[OPEC Reference Basket]], a weighted average of oil blends from various [[OPEC]] (Organization of the Petroleum Exporting Countries) countries
* The [[OPEC]] basket used to be the average price of the following blends:
* [[Midway-Sunset Oil Field|Midway Sunset]] Heavy, by which heavy oil in California is priced<ref>{{Cite web |date=May 1, 2007 |title=Chevron Crude Oil Marketing – North America Posted Pricing – California |url=http://crudemarketing.chevron.com/posted_pricing_daily_california.asp |url-status=live |archive-url=https://web.archive.org/web/20100607035625/http://crudemarketing.chevron.com/posted_pricing_daily_california.asp |archive-date=June 7, 2010 |access-date=August 29, 2010 |publisher=Crudemarketing.chevron.com}}</ref>{{Failed verification|date=March 2018}}
** Arab Light [[Saudi Arabia]]
* [[Western Canadian Select]] the benchmark crude oil for emerging heavy, high TAN (acidic) crudes.<ref name="NRCPetroleumProducts">{{Cite report |url=http://www.nrcan.gc.ca/sites/www.nrcan.gc.ca.energy/files/pdf/eneene/sources/crubru/revrev/pdf/revrev-09-eng.pdf |title=Canadian Crude Oil, Natural Gas and Petroleum Products: Review of 2009 & Outlook to 2030 |last=Natural Resources Canada |date=May 2011 |publisher=Government of Canada |___location=Ottawa |page=9 |isbn=978-1-100-16436-6 |archive-url=https://web.archive.org/web/20131003093310/http://www.nrcan.gc.ca/sites/www.nrcan.gc.ca.energy/files/pdf/eneene/sources/crubru/revrev/pdf/revrev-09-eng.pdf |archive-date=October 3, 2013}}</ref>
** [[Bonny Light]] [[Nigeria]]
** Fateh [[Dubai]]
** [[Isthmus-34 Light|Isthmus]] [[Mexico]] (non-OPEC)
** Minas [[Indonesia]]
** Saharan Blend [[Algeria]]
** Tia Juana Light [[Venezuela]]
 
There are declining amounts of these benchmark oils being produced each year, so other oils are more commonly what is actually delivered. While the reference price may be for West Texas Intermediate delivered at Cushing, the actual oil being traded may be a discounted Canadian heavy oil – Western Canadian Select – delivered at [[Hardisty, Alberta|Hardisty]], [[Alberta]], and for a Brent Blend delivered at Shetland, it may be a discounted Russian Export Blend delivered at the port of [[Primorsk, Leningrad Oblast|Primorsk]].<ref>{{Cite web |year=2006 |title=Light Sweet Crude Oil |url=http://www.nymex.com/lsco_fut_descri.aspx |archive-url=https://web.archive.org/web/20080314074204/http://www.nymex.com/lsco_fut_descri.aspx |archive-date=March 14, 2008 |access-date=April 21, 2008 |website=About the Exchange |publisher=New York Mercantile Exchange (NYMEX)}}</ref>
OPEC attempts to keep the price of the Opec Basket between upper and lower limits, by increasing and decreasing production. This makes the measure important for market analysts. The OPEC Basket, including a mix of light and heavy crudes, is heavier than both Brent and WTI.
 
Once extracted, oil is refined and separated, most easily by [[Continuous distillation#Continuous distillation of crude oil|distillation]], into numerous products for direct use or use in manufacturing, such as [[gasoline]] (petrol), [[diesel fuel|diesel]] and [[kerosene]] to [[Bitumen|asphalt]] and chemical [[reagent]]s ([[ethylene]], [[propylene]], [[butene]], [[acrylic acid]], [[para-xylene]]<ref>{{Cite journal |last1=Li |first1=Guixian |last2=Wu |first2=Chao |last3=Ji |first3=Dong |last4=Dong |first4=Peng |last5=Zhang |first5=Yongfu |last6=Yang |first6=Yong |date=April 1, 2020 |title=Acidity and catalyst performance of two shape-selective HZSM-5 catalysts for alkylation of toluene with methanol |journal=Reaction Kinetics, Mechanisms and Catalysis |language=en |volume=129 |issue=2 |pages=963–974 |doi=10.1007/s11144-020-01732-9 |issn=1878-5204 |s2cid=213601465}}</ref>) used to make [[plastic]]s, [[pesticide]]s and [[pharmaceuticals]].<ref name="Dixie State College">{{Cite web |title=Organic Hydrocarbons: Compounds made from carbon and hydrogen |url=http://cactus.dixie.edu/smblack/chem1010/lecture_notes/2B.htm |archive-url=https://web.archive.org/web/20110719184614/http://cactus.dixie.edu/smblack/chem1010/lecture_notes/2B.htm |archive-date=July 19, 2011}}</ref>
See also [http://tonto.eia.doe.gov/ask/crude_types1.html]
 
==Use==
In June 15, 2005 the OPEC basket was changed to reflect the characteristics of the oil produced by OPEC members.
In terms of volume, most petroleum is converted into fuels for combustion engines. In terms of value, petroleum underpins the petrochemical industry, which includes many high value products such as pharmaceuticals and plastics.
The new OPEC Reference Basket (ORB) is made up of the following:
Saharan Blend (Algeria),
Minas (Indonesia),
Iran Heavy (Islamic Republic of Iran),
Basra Light (Iraq),
Kuwait Export (Kuwait),
Es Sider (Libya),
Bonny Light (Nigeria),
Qatar Marine (Qatar),
Arab Light (Saudi Arabia),
Murban (UAE) and
BCF 17 (Venezuela).
 
===Fuels and lubricants===
See also: http://www.opec.org/home/basket.aspx
Petroleum is used mostly, by volume, for refining into [[fuel oil]] and gasoline, both important ''[[primary energy]]'' sources. 84% by volume of the hydrocarbons present in petroleum is converted into fuels, including gasoline, diesel, jet, heating, and other fuel oils, and [[liquefied petroleum gas]].<ref>{{Cite web |title=Crude oil is made into different fuels |url=http://www.eia.doe.gov/kids/energyfacts/sources/non-renewable/oil.html#Howused |url-status=live |archive-url=https://web.archive.org/web/20090823080443/http://www.eia.doe.gov/kids/energyfacts/sources/non-renewable/oil.html |archive-date=August 23, 2009 |access-date=August 29, 2010 |publisher=Eia.doe.gov}}</ref>
 
Due to its high [[energy density]], easy transportability and [[oil reserves|relative abundance]], oil has become the world's most important source of energy since the mid-1950s. Petroleum is also the raw material for many [[chemical]] products, including [[pharmaceutical]]s, [[solvent]]s, [[fertilizer]]s, [[pesticide]]s, and plastics; the 16 percent not used for energy production is converted into these other materials. Petroleum is found in [[porous]] [[rock formations]] in the upper [[strata]] of some areas of the [[Earth's crust]]. There is also petroleum in [[tar sands|oil sands (tar sands)]]. Known [[oil reserves]] are typically estimated at 190&nbsp;km<sup>3</sup> (1.2 [[1000000000000 (number)|trillion]] [[long and short scales|(short scale)]] [[barrel (unit)|barrels]]) without oil sands,<ref>{{Cite web |title=EIA reserves estimates |url=http://www.eia.doe.gov/emeu/international/reserves.html |archive-url=https://web.archive.org/web/20100830033649/http://www.eia.doe.gov/emeu/international/reserves.html |archive-date=August 30, 2010 |access-date=August 29, 2010 |publisher=Eia.doe.gov}}</ref> or 595&nbsp;km<sup>3</sup> (3.74&nbsp;trillion barrels) with oil sands.<ref>{{Cite web |date=November 14, 2006 |title=CERA report on total world oil |url=http://www.cera.com/aspx/cda/public1/news/pressReleases/pressReleaseDetails.aspx?CID=8444 |archive-url=https://web.archive.org/web/20101125004643/http://www.cera.com/aspx/cda/public1/news/pressReleases/pressReleaseDetails.aspx?CID=8444 |archive-date=November 25, 2010 |access-date=August 29, 2010 |publisher=Cera.com}}</ref> Consumption is currently around {{convert|84|Moilbbl}} per day, or 4.9&nbsp;km<sup>3</sup> per year, yielding a remaining oil supply of only about 120 years, if current demand remains static.<ref>{{Cite web |title=Peak oil: Does it really matter? |url=https://www.oilandgasmiddleeast.com/article-8400-peak-oil-does-it-really-matter |url-status=live |archive-url=https://web.archive.org/web/20200406204626/https://www.oilandgasmiddleeast.com/article-8400-peak-oil-does-it-really-matter |archive-date=April 6, 2020 |access-date=April 6, 2020 |website=Oil & Gas Middle East |date=February 3, 2011 |language=en}}</ref> More recent studies, however, put the number at around 50 years.<ref>{{Cite web |title=Energy Alternatives and the Future of Oil and Gas in the Gulf |url=http://studies.aljazeera.net/en/dossiers/2015/03/201533183514675179.html |url-status=live |archive-url=https://web.archive.org/web/20200406204625/https://studies.aljazeera.net/en/dossiers/2015/03/201533183514675179.html |archive-date=April 6, 2020 |access-date=April 6, 2020 |website=Al Jazeera Center for Studies |language=en}}</ref><ref>{{Cite news |date=July 14, 2014 |title=How long will world's oil reserves last? 53 years, says BP |work=Christian Science Monitor |url=https://www.csmonitor.com/Environment/Energy-Voices/2014/0714/How-long-will-world-s-oil-reserves-last-53-years-says-BP |url-status=live |access-date=April 6, 2020 |archive-url=https://web.archive.org/web/20200406204616/https://www.csmonitor.com/Environment/Energy-Voices/2014/0714/How-long-will-world-s-oil-reserves-last-53-years-says-BP |archive-date=April 6, 2020 |issn=0882-7729}}</ref>
==Pricing==
[[Image:Gas-hike.jpg|thumb|350px|Overnight gas price hike shown at a Chicago area BP-Amoco station (background). The Shell station (foreground) has not yet posted the 12 cent price hike.]]
[[Image:Oil Prices Short Term.png|thumb|300px|Short-Term Oil Prices, 2004-2006 (not adjusted for inflation).]]
[[Image:Oil Prices Medium Term.png|thumb|300px|Medium-Term Oil Prices, 1994-2006 (not adjusted for inflation).]]
[[Image:Oil Prices 1861 2006.jpg|thumb|300px|Long-Term Oil Prices, 1861-2006 (adjusted for inflation).]]
References to the [[oil prices]] are usually either references to the [[spot price]] of either WTI/Light Crude as traded on [[New York Mercantile Exchange]] (NYMEX) for delivery in [[Cushing, Oklahoma]]; or the price of Brent as traded on the [[International Commodities Exchange]] (ICE, which the [[International Petroleum Exchange]] has been incorporated into) for delivery at [[Sullom Voe]]. The price of a barrel of oil is highly dependent on both its grade (which is determined by factors such as its specific gravity or [[application programming interface|API]] and its sulphur content) and ___location. The vast majority of oil will not be traded on an exchange but on an [[over-the-counter (finance)|over-the-counter]] basis, typically with reference to a marker crude oil grade that is typically quoted via pricing agencies such as [[Argus Media Ltd]] and [[Platts]]. For example in Europe a particular grade of oil, say Fulmar, might be sold at a price of "Brent plus US$0.25/barrel" or as an [[intra-company transaction]]. IPE claim that 65% of traded oil is priced off their Brent benchmarks. Other important benchmarks include Dubai, Tapis, and the OPEC basket. The [[Energy Information Administration]] (EIA) uses the Imported Refiner Acquisition Cost, the weighted average cost of all oil imported into the US as their "world oil price".
 
Closely related to fuels for combustion engines are [[Lubricant]]s, [[Grease (lubricant)|greases]], and [[viscosity]] stabilizers. All are derived from petroleum.
It is often claimed that OPEC sets the oil price and the true cost of a barrel of oil is around $2, which is equivalent to the cost of extraction of a barrel in the Middle East. These estimates of costs ignore the cost of finding and developing oil reserves. Furthermore the important cost as far as price is concerned, is not the price of the cheapest barrel but the cost of producing the marginal barrel. By limiting production OPEC has caused more expensive areas of production such as the North Sea to be developed before the Middle East has been exhausted. OPEC's power is also often overstated. Investing in spare capacity is expensive and the low oil price environment in the late 90s led to cutbacks in investment. This has meant during the oil price rally seen between 2003-2005, OPEC's spare capacity has not been sufficient to stabilise prices.
 
===Chemicals===
Oil demand is highly dependent on global macroeconomic conditions, so this is also an important determinant of price. Some economists claim that high oil prices have a large negative impact on the global growth. This means that the relationship between the oil price and global growth is not particularly stable although a high oil price is often thought of as being a late cycle phenomenon.
{{Further|Petroleum product| Petrochemical}}
[[File:Alkene General Formula V.1.svg|thumb|General structure of [[alkene]]]]
Many [[pharmaceutical]]s are derived from petroleum, albeit via multistep processes.{{Citation needed|date=February 2024}} Modern medicine depends on petroleum as a source of building blocks, [[reagent]]s, and [[solvent]]s.<ref>{{cite journal |pmid=21778473 |date=2011 |last1=Hess |first1=J. |last2=Bednarz |first2=D. |last3=Bae |first3=J. |last4=Pierce |first4=J. |title=Petroleum and health care: Evaluating and managing health care's vulnerability to petroleum supply shifts |journal=American Journal of Public Health |volume=101 |issue=9 |pages=1568–1579 |doi=10.2105/AJPH.2011.300233 |pmc=3154246 }}</ref> Similarly, virtually all pesticides - [[insecticide]]s, herbicides, etc. - are derived from petroleum. Pesticides have profoundly affected life expectancies by controlling disease vectors and by increasing yields of crops. Like pharmaceuticals, pesticides are in essence petrochemicals. Almost all plastics and synthetic polymers are derived from petroleum, which is the source of monomers. [[Alkenes]] (olefins) are one important class of these precursor molecules.
 
===Other derivatives===
A recent low point was reached in January 1999, after increased oil production from Iraq coincided with the [[Asian financial crisis]], which reduced demand. The prices then rapidly increased, more than doubling by September 2000, then fell until the end of 2001 before steadily increasing, reaching US $40 to US $50 per barrel by September 2004. [http://futures.tradingcharts.com/chart/CO/M]
[[File:Bitumen.jpg|thumb|Natural [[bitumen]], commonly referred to as Asphalt]]
In October 2004, light crude [[futures contract]]s on the NYMEX for November delivery exceeded US $53 per barrel and for December delivery exceeded US $55 per barrel. Crude oil prices surged to a record high above $60 a barrel in June 2005, sustaining a rally built on strong demand for gasoline and diesel and on concerns about refiners' ability to keep up. This trend continued into early August 2005, as NYMEX crude oil futures contracts surged past the $65 mark as consumers kept up the demand for gasoline despite its high price. (see [[Oil price increases of 2004-2006]]).)
*[[Wax]], used in the packaging of [[frozen food]]s, among others, [[Paraffin wax]], derived from petroleum oil.<ref>{{Cite journal |last1=Ferris |first1=S. W. |last2=Cowles |first2=H. C. |last3=Henderson |first3=L. M. |date=November 1, 1929 |title=Composition of Paraffin Wax |url=https://pubs.acs.org/doi/abs/10.1021/ie50239a029 |journal=Industrial & Engineering Chemistry |language=en |volume=21 |issue=11 |pages=1090–1092 |doi=10.1021/ie50239a029 |issn=0019-7866}}</ref>
* [[Sulfur]] and its derivative [[sulfuric acid]]. Hydrogen sulfide is a product of [[Hydrodesulfurization|sulfur removal]] from petroleum fraction. It is oxidized to elemental sulfur and then to sulfuric acid.
* Bulk [[tar]] and [[Bitumen|Asphalt]]
* [[Petroleum coke]], used in speciality carbon products or as solid fuel
 
== Industry ==
Individuals can now trade crude oil through online trading sites [[margin account]] or their banks through [[structured product]]s indexed on the Commodities markets.
{{Excerpt|oil industry}}
 
=== Transport ===
See also [http://www.wtrg.com/prices.htm History and Analysis of Crude Oil Prices]
{{excerpt|Petroleum transport}}
In the 1950s, shipping costs made up 33 percent of the price of oil transported from the [[Persian Gulf]] to the United States,<ref name="economist.com">{{Cite news |date=July 14, 2012 |title=A liquid market: Thanks to LNG, spare gas can now be sold the world over |newspaper=The Economist |url=http://www.economist.com/node/21558456 |url-status=live |access-date=January 6, 2013 |archive-url=https://web.archive.org/web/20140614054033/http://www.economist.com/node/21558456 |archive-date=June 14, 2014}}</ref> but due to the development of [[supertankers]] in the 1970s, the cost of shipping dropped to only 5 percent of the price of Persian oil in the US.<ref name="economist.com" /> Due to the increase in the value of crude oil during the last 30 years, the share of the shipping cost on the final cost of the delivered commodity was less than 3% in 2010.
 
=== Price ===
==Top petroleum-producing countries==
{{Excerpt|oil prices}}
Source: [http://www.eia.doe.gov/emeu/cabs/topworldtables1_2.html Energy Statistics from the U.S. Government]
[[Image:Oil producing countries map.PNG|thumb|300px|Oil producing [[List of oil-producing states|countries]]]]
[[Image:Oil exports.PNG|thumb|300px|Oil exports by country]]
[[Image:Oil imports.PNG|thumb|300px|Oil imports by country]]
In order of amount produced in 2004 (MMbbl/d = ''millions of barrels per day''):
*[[Saudi Arabia]] ([[OPEC]]) - 10.37 MMbbl/d
*[[Russia]] - 9.27 MMbbl/d
*[[United States]] <sup>1</sup> - 8.69 MMbbl/d
*[[Iran]] (OPEC) - 4.09 MMbbl/d
*[[Mexico]] <sup>1</sup> - 3.83 MMbbl/d
*[[China]] <sup>1</sup> - 3.62 MMbbl/d
*[[Norway]] <sup>1</sup> - 3.18 MMbbl/d
*[[Canada]] <sup>1</sup> - 3.14 MMbbl/d
*[[Venezuela]] (OPEC) <sup>1</sup> - 2.86 MMbbl/d
*[[United Arab Emirates]] (OPEC) - 2.76 MMbbl/d
*[[Kuwait]] (OPEC) - 2.51 MMbbl/d
*[[Nigeria]] (OPEC) - 2.51 MMbbl/d
*[[United Kingdom]] <sup>1</sup> - 2.08 MMbbl/d
*[[Iraq]] (OPEC) <sup>2</sup> - 2.03 MMbbl/d
<small><sup>1</sup> [[Oil reserves#Countries that have already passed their production peak|peak production already passed in this state]]</small>
 
=== Trade ===
<small><sup>2</sup> Though still a member, Iraq has not been included in production figures since 1998</small>
[[File:Crude oil prices since 1861.png|thumb|Nominal and inflation-adjusted U.S. dollar price of crude oil between 1861 and 2015]]
Crude oil is traded as a future on both the [[NYMEX]] and [[Intercontinental Exchange|ICE]] exchanges.<ref>{{Cite web |title=Brent Crude Futures |url=https://www.ice.com/products/219/Brent-Crude-Futures |access-date=2024-02-22 |website=www.ice.com}}</ref> Futures contracts are agreements in which buyers and sellers agree to purchase and deliver specific amounts of physical crude oil on a given date in the future. A contract covers any multiple of 1000 barrels and can be purchased up to nine years into the future.<ref name="PortaraCQG">{{Cite web |title=Historical Crude Oil Intraday Data (CLA) |url=https://portaracqg.com/futures/int/cla |access-date=August 30, 2022 |website=PortaraCQG |language=en-US}}</ref>
 
== Use by country ==
In order of amount ''exported'' in 2003:
<!-- this was a left over from a previous incarnation of the section. It is no longer a useful link. I looked around for a better link but didn't find one. Feel free to create an article on consumption/production etc. by country {{Main|Petroleum Industry}} -->
*Saudi Arabia (OPEC)
*Russia
*Norway <sup>1</sup>
*Iran (OPEC)
*United Arab Emirates (OPEC)
*Venezuela (OPEC) <sup>1</sup>
*Kuwait (OPEC)
*Nigeria (OPEC)
*Mexico <sup>1</sup>
*Algeria (OPEC)
*Libya (OPEC) <sup>1</sup>
<small><sup>1</sup> [[Oil reserves#Countries that have already passed their production peak|peak production already passed in this state]]</small>
 
=== Consumption statistics ===
Note that the USA consumes almost all of its own production, while the UK has recently become a net-importer rather than net-exporter.
<gallery widths="160" heights="140">
File:Global Carbon Emissions.svg|Global fossil carbon emissions, an indicator of consumption, from 1800. {{legend-line|black solid 3px|Total}}{{legend-line|blue solid 3px|Oil}}
File:World energy consumption.svg|Rate of world energy usage per year from 1970.<ref name="BP-Report-2012">BP: [http://www.bp.com/sectiongenericarticle800.do?categoryId=9037130&contentId=7068669 Statistical Review of World Energy] {{webarchive|url=https://web.archive.org/web/20130516003736/http://www.bp.com/sectiongenericarticle800.do?categoryId=9037130&contentId=7068669 |date=May 16, 2013 }}, Workbook (xlsx), London, 2012</ref>
File:Oil consumption per day by region from 1980 to 2006.svg|Daily oil consumption from 1980 to 2006.
File:Oil consumption per day by region from 1980 to 2006 solid3.svg|Oil consumption by percentage of total per region from 1980 to 2006: {{legend|red|US}}{{legend|blue|[[Europe]]}}{{legend|#D1D117|[[Asia]] and [[Oceania]]}}.
File:World oil consumption 1980 to 2007 by region.svg|Oil consumption 1980 to 2007 by region.
</gallery>
 
=== Consumption ===
Total world production/consumption (as of 2005) is approximately 84 million barrels per day.
According to the US Energy Information Administration (EIA) estimate for 2021, the world consumes 97.26&nbsp;million barrels of oil each day.<ref>{{Cite web |title=Oil and petroleum products explained |url=https://www.eia.gov/energyexplained/oil-and-petroleum-products/use-of-oil.php#:~:text=In%202019%2C%20U.S.%20petroleum%20consumption,million%20b%2Fd%20of%20biofuels.&text=The%20transportation%20sector%20accounts%20for%20the%20largest%20share%20of%20U.S.%20petroleum%20consumption. |url-status=live |archive-url=https://web.archive.org/web/20241225153357/https://www.eia.gov/energyexplained/oil-and-petroleum-products/use-of-oil.php |archive-date=December 25, 2024 |access-date=December 27, 2024 |publisher=U.S. Energy Information Administration}}</ref>
[[File:OilConsumptionpercapita.png|thumb|upright=3.4|Oil consumption per capita (darker colors represent more consumption, gray represents no data) ''(source: see file description)''.
{| style="width: 100%; font-size: 1em;"
|-
| valign=top |
{{legend2|#5e0000| > 0.07}}<br />
{{legend2|#b10000|0.07–0.05}}<br />
{{legend2|#e00100|0.05–0.035}}<br />
{{legend2|#ff413c|0.035–0.025}}<br />
{{legend2|#fe7373|0.025–0.02}}
| valign=top |
{{legend2|#ffc3c2|0.02–0.015}}<br />
{{legend2|#ffebda|0.015–0.01}}<br />
{{legend2|#ffebcf|0.01–0.005}}<br />
{{legend2|#fff8dc|0.005–0.0015}}<br />
{{legend2|#e2d0fe| < 0.0015}}
|}
]]
 
This table orders the amount of petroleum consumed in 2011 in thousand [[Barrel (unit)|barrels]] (1,000 bbl) per day and in thousand cubic metres (1,000&nbsp;m<sup>3</sup>) per day:<ref>U.S. Energy Information Administration. [http://www.eia.doe.gov/emeu/international/RecentPetroleumConsumptionBarrelsperDay.xls Excel file] {{webarchive|url=https://web.archive.org/web/20081006235221/http://www.eia.doe.gov/emeu/international/RecentPetroleumConsumptionBarrelsperDay.xls |date=October 6, 2008 }} from [http://tonto.eia.doe.gov/dnav/pet/pet_pri_wco_k_w.htm this] {{webarchive|url=https://web.archive.org/web/20081110134954/http://tonto.eia.doe.gov/dnav/pet/pet_pri_wco_k_w.htm |date=November 10, 2008 }} web page. Table Posted: March 1, 2010</ref><ref>From DSW-Datareport 2008 ("[[Deutsche Stiftung Weltbevölkerung]]")</ref>
See also: [[Organization of Petroleum Exporting Countries]].
{| style="text-align:right;" class="wikitable sortable"
|-
!Consuming nation 2011
!(1,000 bbl/<br />day)
!(1,000&nbsp;m<sup>3</sup>/<br />day)
!Population<br />in millions
!bbl/year<br />per capita
!m<sup>3</sup>/year<br />per capita
!National production/<br />consumption
|-
|{{rh}}|[[United States]] <sup>1</sup> || {{convert|18835.5|oilbbl|m3|1|disp=table}} || 314
|{{convert|{{#expr:(365*18835.5/314658)round1}}|oilbbl|m3|disp=table}} || 0.51
|-
|{{rh}}|[[China]] || {{convert|9790.0|oilbbl|m3|1|disp=table}} || 1345
|{{convert|{{#expr:(365*9790.0/1345750)round1}}|oilbbl|m3|disp=table}} || 0.41
|-
|{{rh}}|[[Japan]] <sup>2</sup> || {{convert|4464.1|oilbbl|m3|1|disp=table}} || 127
|{{convert|{{#expr:(365*4464.1/127156)round1}}|oilbbl|m3|disp=table}} || 0.03
|-
|{{rh}}|[[India]] <sup>2</sup> || {{convert|3292.2|oilbbl|m3|1|disp=table}} || 1198
|{{convert|{{#expr:(365*3292.2/1198003)round1}}|oilbbl|m3|disp=table}} || 0.26
|-
|{{rh}}|[[Russia]] <sup>1</sup> || {{convert|3145.1|oilbbl|m3|1|disp=table}} || 140
|{{convert|{{#expr:(365*3145.1/140873)round1}}|oilbbl|m3|disp=table}} || 3.35
|-
|{{rh}}|[[Saudi Arabia]] ([[OPEC]]) || {{convert|2817.5|oilbbl|m3|1|disp=table}} || 27
|{{convert|{{#expr:(365*2817.5/25720)round1}}|oilbbl|m3|disp=table}} || 3.64
|-
|{{rh}}|[[Brazil]] || {{convert|2594.2|oilbbl|m3|1|disp=table}} || 193
|{{convert|{{#expr:(365*2594.2/193733)round1}}|oilbbl|m3|disp=table}} || 0.99
|-
|{{rh}}|[[Germany]] <sup>2</sup> || {{convert|2400.1|oilbbl|m3|1|disp=table}} || 82
|{{convert|{{#expr:(365*2400.1/82166)round1}}|oilbbl|m3|disp=table}} || 0.06
|-
|{{rh}}|[[Canada]] || {{convert|2259.1|oilbbl|m3|1|disp=table}} || 33
|{{convert|{{#expr:(365*2259.1/33573)round1}}|oilbbl|m3|disp=table}} || 1.54
|-
|{{rh}}|[[South Korea]] <sup>2</sup> || {{convert|2230.2|oilbbl|m3|1|disp=table}} || 48
|{{convert|{{#expr:(365*2230.2/48332)round1}}|oilbbl|m3|disp=table}} || 0.02
|-
|{{rh}}|[[Mexico]] <sup>1</sup> || {{convert|2132.7|oilbbl|m3|1|disp=table}} || 109
|{{convert|{{#expr:(365*2132.7/109610)round1}}|oilbbl|m3|disp=table}} || 1.39
|-
|{{rh}}|[[France]] <sup>2</sup>|| {{convert|1791.5|oilbbl|m3|1|disp=table}} || 62
|{{convert|{{#expr:(365*1791.5/62342)round1}}|oilbbl|m3|disp=table}} || 0.03
|-
|{{rh}}|[[Iran]] ([[OPEC]])|| {{convert|1694.4|oilbbl|m3|1|disp=table}} || 74
|{{convert|{{#expr:(365*1694.4/74195)round1}}|oilbbl|m3|disp=table}} || 2.54
|-
|{{rh}}|[[United Kingdom]] <sup>1</sup> || {{convert|1607.9|oilbbl|m3|1|disp=table}} || 61
|{{convert|{{#expr:(365*1607.9/61565)round1}}|oilbbl|m3|disp=table}} || 0.93
|-
|{{rh}}|[[Italy]] <sup>2</sup>|| {{convert|1453.6|oilbbl|m3|1|disp=table}} || 60
|{{convert|{{#expr:(365*1453.6/59870)round1}}|oilbbl|m3|disp=table}} || 0.10
|}
Source: US Energy Information Administration<ref>{{cite web |url=http://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfm?tid=5&pid=5&aid=2 |title=Data |publisher=U.S. Energy Information Administration |access-date=January 13, 2025}}</ref>
 
Population Data:<ref>{{Cite web |title=IBGE |url=http://www.ibge.gov.br/paisesat/main.php |url-status=live |archive-url=https://web.archive.org/web/20100904063203/http://www.ibge.gov.br/paisesat/main.php |archive-date=September 4, 2010 |access-date=August 29, 2010}}</ref>
==Petroleum in Military Strategy==
* In [[World War 2]] the [[Soviet Union]] sought to protect their [[oil fields]] from falling into the hands of [[Nazi Germany]] at the [[Battle of Stalingrad]].
* Many countries have a [[Global strategic petroleum reserves|strategic oil reserve]] in the event of war or loss of oil supplies.
* During the [[Iran-Iraq War]] many nations sent military ships to escort tankers carrying oil.
* During the [[Gulf War]], [[Iraq]]'s retreating troops burned [[Kuwait]]'s oil fields in order to give them air cover, to slow the advance of pursuing coalition forces, and to damage the Kuwaiti economy.
* During the [[Iraq War]] the United States had military units work to quickly secure oil fields and remove boobytraps. It also had units guarding the Ministry of Petroleum in Baghdad while the rest of the city rioted.
 
<small><sup>1</sup> [[Peak oil|peak production of oil]] already passed in this state</small>
==Books about the petroleum industry==
* {{cite book | author=James Howard Kunstler | title=The Long Emergency: Surviving the Converging Catastrophes of the Twenty-first Century | publisher=Atlantic Monthly Press | year=2005 | id=0871138883}}
* {{cite book | author= C.J. Campbell| title=The Coming Oil Crisis | publisher= | year=2004 | id=}}
* {{cite book | author= Peter Odell| title=Why Carbon Fuels Will Dominate the 21st Century's Global Energy Economy| publisher= Multi Science| year=2004 | id=0906522226 }}
* {{cite book | author= | title=Out of Gas: The End of the Age of Oil | publisher= | year=2004 | id=}}
* {{cite book | author=Amory B. Lovins | title=Winning the Oil Endgame | publisher=Rocky Mountain Institute | year=2004 | id=1881071103}}
* {{cite book | author= | title=Hubbert's Peak : The Impending World Oil Shortage | publisher= | year=2003 | id=}}
* {{cite book | author=Vaclav Smil | title=Energy at the Crossroads : Global Perspectives and Uncertainties | publisher=The MIT Press | year=2003 | id=0262194929}}
* {{cite book | author=Daniel Yergin | title=The Prize: The Epic Quest for Oil, Money, and Power | publisher=Simon & Schuster | year=1991 | id=0671502484}}
* {{cite book | author=Harold F. Williamson and Arnold R. Daum | title=The American Petroleum Industry: Volume I, The Age of Illumination | publisher=Northwestern University Press | year=1959 | id=}}
* {{cite book | author=Harold F. Williamson, Ralph L. Andreano, Arnold R. Daum, and Gilbert C. Klose | title=The American Petroleum Industry: Volume II, The Age of Energy | publisher=Northwestern University Press | year=1963 | id=}}
*{{cite book | author=Beychok, Milton R. | title=Aqueous Wastes From Petroleum and Petrochemical Plants | publisher=John Wiley and Sons | year=1967 | id=}}
 
<small><sup>2</sup> This country is not a major oil producer</small>
==Films about petroleum==
* {{imdb title|id=0299612|title=Burning of the Standard Oil Co.'s Tanks, Bayonne, N.J.}}
* {{imdb title|id=0363498|title=California Oil Wells in Operation }}
* {{imdb title|id=0222879|title=Canada Strikes Oil: Leduc, Alberta 1947 }}
* {{imdb title|id=0446320|title=The End of Suburbia: Oil Depletion and the Collapse of the American Dream}}
** http://www.endofsuburbia.com
* {{imdb title|id=0063060|title=Hellfighters}}
* {{imdb title|id=0386530|title=Incendio del pozo petrolero de Dos Bocas, Veracruz}}
* {{imdb title|id=0391235|title=La Industria del Petróleo}}
* {{imdb title|id=0172594|title=Industria petrolului }}
* {{imdb title|id=0334042|title=Oil - From Fossil to Flame }}
* {{imdb title|id=0184795|title=Oil Fires, Their Prevention and Extinguishment}}
* {{imdb title|id=0461695|title=Oil Storm }}
* {{imdb title|id=0224029|title=Roughnecks: The Story of Oil Drillers }}
* {{imdb title|id=0348412|title=Wildcatter: The Story of Texas Oil }}
* {{imdb title|id=0104706|title=Lektionen in Finsternis }}
* [[Syriana]]
* [http://www.archive.org/details/Destinat1956 "Destination Earth"] at the [[Prelinger Archives]]
* [[Being Caribou, NFB, Canada, 2004; see: http://www.beingcaribou.com/]]
* [[Our Oil and Other Tales, Yeast Films / Edizioni Gattacicova, 2005, Venezuela; see: http://ouroil.org]]
 
=== Production ===
==Writers covering the petroleum industry==
{{For|oil production by country|List of countries by oil production}}
*[[Brian Black]]
{{For|oil reserves by country|List of countries by proven oil reserves}}
*[[Colin Campbell (geologist)|Colin J. Campbell]]
{{Image frame
*[[Kenneth S. Deffeyes]]
| caption=Top oil-producing countries<ref name="EIA2">{{Cite web |title=Crude oil including lease condensate production (Mb/d) |url=https://www.eia.gov/international/data/world/petroleum-and-other-liquids/annual-petroleum-and-other-liquids-production?pd=5&p=00000000000000000000000000000000002&u=0&f=A&v=mapbubble&a=-&i=none&vo=value&t=C&g=00000000000000000000000000000000000000000000000001&l=249-ruvvvvvfvtvnvv1vrvvvvfvvvvvvfvvvou20evvvvvvvvvvvvvvs&s=63072000000&e=1514764800000&ev=false& |url-status=live |archive-url=https://web.archive.org/web/20200514060445/https://www.eia.gov/international/data/world/petroleum-and-other-liquids/annual-petroleum-and-other-liquids-production?pd=5&p=00000000000000000000000000000000002&u=0&f=A&v=mapbubble&a=-&i=none&vo=value&t=C&g=00000000000000000000000000000000000000000000000001&l=249-ruvvvvvfvtvnvv1vrvvvvfvvvvvvfvvvou20evvvvvvvvvvvvvvs&s=63072000000&e=1514764800000&ev=false& |archive-date=May 14, 2020 |access-date=April 14, 2020 |publisher=U.S. Energy Information Administration}}</ref>
*[[Thomas Gold]]
| align=center
*[[David Goodstein]]
| content ={{Graph:Chart
*[[Jay Hanson]]
| width=400
*[[Daniel Yergin]]
| height=150
| xAxisTitle=Year
| yAxisTitle=Crude Oil (Mbbl/d)
| yAxisMin = 0
| yAxisMax = 12000
| legend=
| y1Title=Canada
| y2Title=China
| y3Title=Iran
| y4Title=Russia
| y5Title=Saudi Arabia
| y6Title=United States
| type=line
| x=1973,1974,1975,1976,1977,1978,1979,1980,1981,1982,1983,1984,1985,1986,1987,1988,1989,1990,1991,1992,1993,1994,1995,1996,1997,1998,1999,2000,2001,2002,2003,2004,2005,2006,2007,2008,2009,2010,2011,2012,2013,2014,2015,2016,2017,2018
| y1=1798,1551,1430,1314,1321,1316,1500,1435.202186,1284.728767,1271.150685,1356.230137,1437.622951,1471.052055,1474.219178,1534.928767,1616.23224,1560.09589,1552.999671,1547.980644,1605.225025,1679.0784,1746.194521,1805.271233,1836.674863,1922.394521,1981.084932,1906.635616,1976.893443,2029.172603,2170.6,2305.726027,2398.420765,2368.877597,2525.397101,2628.124781,2579.308861,2579.479849,2740.756164,2900.646575,3137.838798,3325.128767,3613.224658,3677.126027,3679.046448,3976.665753,4343.361644
| y2=1090,1315,1490,1670,1874,2082,2122,2113.852459,2012.438356,2045,2119.60274,2295.669399,2505.164384,2620.287671,2690,2730.319672,2756.791781,2773.999159,2835.00043,2844.663106,2889.801184,2939.287671,2990.049315,3131.338798,3200.342466,3198.178082,3194.994521,3248.762295,3300.004,3389.652055,3408.871233,3485.314208,3608.621918,3672.735068,3735.971233,3790.181967,3795.95863,4078.360274,4052.055616,4074.074317,4163.816712,4208.254795,4277.693151,3983.480874,3821.230137,3772.876712
|
y3=5861,6021.6,5350.1,5882.9,5662.8,5241.7,3168,1661.967213,1379.956164,2213.838356,2439.756164,2174.31694,2250.474183,2034.986301,2298.057534,2240.030055,2809.873973,3087.998989,3311.999723,3429.098361,3539.864232,3618.054795,3643.219178,3685.710383,3664.178082,3633.767123,3557.164384,3696.3,3723.70137,3444.30137,3742.794973,4001.434426,4138.575342,4027.808219,3911.890411,4050.273224,4037.038348,4080.418951,4054,3386.849727,3113.29863,3239.068493,3293.189041,4151.166667,4468.69589,4254.827397
|
y4=,,,,,,,,,,,,,,,,,,,7631.937156,6730.008721,6135.084932,5995.221918,5849.874317,5920.084932,5853.882192,6078.983562,6479.202,6917,7408.173,8132.198795,8804.70765,9043.082192,9247.205479,9437.063449,9356.783607,9495.364932,9694.114466,9773.517808,9921.60929,10053.84384,10107.08767,10252.85479,10551.49727,10580.19178,10758.66027
|
y5=7596,8480,7075,8577,9245,8301,9532,9900.15847,9814.947945,6482.991781,5085.89589,4663.202186,3387.821918,4870.016438,4264.991781,5085.95082,5064.156164,6410.003595,8114.995863,8332.19425,8198.232877,8119.873973,8231.232877,8218.117486,8362.175342,8388.90411,7833.391781,8403.79918,8031.09589,7634.39589,8775,9100.819672,9550.136986,9152.328767,8721.506849,9261.25097,8250.112447,8900,9458.356164,9832.322404,9693.150685,9735.342466,10168.24658,10460.71038,10133.75342,10425.13699
|
y6=9207.953,8774.205,8374.737,8131.639,8244.562,8707.441,8551.534,8596.625757,8571.572515,8648.534345,8687.668397,8878.950702,8971.377997,8680.14249,8348.978025,8139.688511,7613.07671,7355.307356,7416.545101,7171.124525,6846.664918,6661.627397,6559.589041,6464.557377,6451.435616,6251.909589,5881.460274,5821.601095,5801.402738,5744.076712,5649.238356,5440.915301,5183.712329,5085.865786,5073.898375,4999.669254,5356.695871,5484.267945,5666.619277,6518.316888,7492.879452,8786.865679,9438.734255,8839.297746,9351.830356,10990.46488
}} }}
[[File:Oil producing countries map.png|thumb|center|upright=3.4|{{center|World map with [[List of countries by oil production|countries by oil production]] from 2006 to 2012}}]]
 
In petroleum industry parlance, ''production'' refers to the quantity of crude extracted from reserves, not the literal creation of the product.
==See also (in alphabetic order)==
<!-- table excerpted from [[List of countries by oil production]] -->
* [[Abiogenic petroleum origin]]
{| class="wikitable sortable" style="text-align:right"
* [[ANWR]] (Alaska National Wildlife Refuge)
!
! Country
! Oil Production<br /><small>([[Barrel (unit)|bbl]]/day, 2016)</small><ref name="EIA">{{Cite web |title=Production of Crude Oil including Lease Condensate 2016 |url=https://www.eia.gov/beta/international/data/browser/#/?pa=00000000000000000000000000000000002&c=ruvvvvvfvtvnvv1vrvvvvfvvvvvvfvvvou20evvvvvvvvvvvvuvo&ct=0&tl_id=5-A&vs=INTL.57-1-AFG-TBPD.A&vo=0&v=H&start=2014&end=2016 |url-status=live |archive-url=https://web.archive.org/web/20150522001611/http://www.eia.gov/beta/international/data/browser/#/?pa=00000000000000000000000000000000002&c=ruvvvvvfvtvnvv1vrvvvvfvvvvvvfvvvou20evvvvvvvvvvvvuvo&ct=0&tl_id=5-A&vs=INTL.57-1-AFG-TBPD.A&vo=0&v=H&start=2014&end=2016 |archive-date=May 22, 2015 |access-date=May 30, 2017 |publisher=U.S. Energy Information Administration |format=CVS download}}</ref>
|-
| 1|| style="text-align:left;"|{{flag|Russia}}|| 10,551,497
|- style="background:#c0d9d9;"
| 2|| style="text-align:left;" |{{flag|Saudi Arabia}} ([[OPEC]])|| 10,460,710
|-
| 3|| style="text-align:left;"|{{flag|United States}}|| 8,875,817
|- style="background:#c0d9d9;"
| 4|| style="text-align:left;"|{{flag|Iraq}} ([[OPEC]])|| 4,451,516
|- style="background:#c0d9d9;"
| 5|| style="text-align:left;"|{{flag|Iran}} ([[OPEC]])|| 3,990,956
|-
| 6|| style="text-align:left;"|{{flag|China||name=China, People's Republic of}}|| 3,980,650
|-
| 7|| style="text-align:left;"|{{flag|Canada}}|| 3,662,694
|- style="background:#c0d9d9;"
| 8|| style="text-align:left;"|{{flag|United Arab Emirates}} ([[OPEC]])|| 3,106,077
|- style="background:#c0d9d9;"
| 9|| style="text-align:left;"|{{flag|Kuwait}} ([[OPEC]])|| 2,923,825
|-
| 10|| style="text-align:left;"|{{flag|Brazil}}|| 2,515,459
|- style="background:#c0d9d9;"
| 11|| style="text-align:left;"|{{flag|Venezuela}} ([[OPEC]])|| 2,276,967
|-
| 12|| style="text-align:left;"|{{flag|Mexico}}|| 2,186,877
|- style="background:#c0d9d9;"
| 13|| style="text-align:left;"|{{flag|Nigeria}} ([[OPEC]])|| 1,999,885
|- style="background:#c0d9d9;"
| 14|| style="text-align:left;"|{{flag|Angola}} ([[OPEC]])|| 1,769,615
|-
| 15|| style="text-align:left;"|{{flag|Norway}}|| 1,647,975
|-
| 16|| style="text-align:left;"|{{flag|Kazakhstan}}|| 1,595,199
|- style="background:#c0d9d9;"
| 17|| style="text-align:left;"|{{flag|Qatar}} ([[OPEC]])|| 1,522,902
|- style="background:#c0d9d9;"
| 18|| style="text-align:left;"|{{flag|Algeria}} ([[OPEC]])|| 1,348,361
|-
| 19|| style="text-align:left;"|{{flag|Oman}}|| 1,006,841
|-
| 20|| style="text-align:left;"|{{flag|United Kingdom}}|| 939,760
|}
 
=== Exportation ===
{{See also|Fossil fuel exporters|OPEC}}
[[File:2014 Petroleum Countries Export Treemap.png|thumb|center|upright=3.4|{{center|Petroleum Exports by Country (2014) from Harvard Atlas of Economic Complexity}}]]
In order of net exports in 2011, 2009 and 2006 in thousand [[Barrel (unit)|bbl]]/[[Day|d]] and thousand m<sup>3</sup>/d:
{| style="text-align:right;" class="wikitable sortable"
|-
!#
!Exporting nation
!10<sup>3</sup>bbl/d (2011)
!10<sup>3</sup>m<sup>3</sup>/d (2011)
!10<sup>3</sup>bbl/d (2009)
!10<sup>3</sup>m<sup>3</sup>/d (2009)
!10<sup>3</sup>bbl/d (2006)
!10<sup>3</sup>m<sup>3</sup>/d (2006)
|-
|1
|{{rh}}|[[Saudi Arabia]] (OPEC)
|8,336
|1,325
|7,322
|1,164
|8,651
|1,376
|-
|2
|{{rh}}|[[Russia]] <sup>1</sup>
|7,083
|1,126
|7,194
|1,144
|6,565
|1,044
|-
|3
|{{rh}}|[[Iran]] (OPEC)
|2,540
|403
|2,486
|395
|2,519
|401
|-
|4
|{{rh}}|[[United Arab Emirates]] (OPEC)
|2,524
|401
|2,303
|366
|2,515
|400
|-
|5
|{{rh}}|[[Kuwait]] (OPEC)
|2,343
|373
|2,124
|338
|2,150
|342
|-
|6
|{{rh}}|[[Nigeria]] (OPEC)
|2,257
|359
|1,939
|308
|2,146
|341
|-
|7
|{{rh}}|[[Iraq]] (OPEC)
|1,915
|304
|1,764
|280
|1,438
|229
|-
|8
|{{rh}}|[[Angola]] (OPEC)
|1,760
|280
|1,878
|299
|1,363
|217
|-
|9
|{{rh}}|[[Norway]] <sup>1</sup>
|1,752
|279
|2,132
|339
|2,542
|404
|-
|10
|{{rh}}|[[Venezuela]] (OPEC) <sup>1</sup>
|1,715
|273
|1,748
|278
|2,203
|350
|-
|11
|{{rh}}|[[Algeria]] (OPEC) <sup>1</sup>
|1,568
|249
|1,767
|281
|1,847
|297
|-
|12
|{{rh}}|[[Qatar]] (OPEC)
|1,468
|233
|1,066
|169
| –
| –
|-
|13
|{{rh}}|[[Canada]] <sup>2</sup>
|1,405
|223
|1,168
|187
|1,071
|170
|-
|14
|{{rh}}|[[Kazakhstan]]
|1,396
|222
|1,299
|207
|1,114
|177
|-
|15
|{{rh}}|[[Azerbaijan]] <sup>1</sup>
|836
|133
|912
|145
|532
|85
|-
|16
|{{rh}}|[[Trinidad and Tobago]] <sup>1</sup>
|177
|112
|167
|160
|155
|199
|}
Source: US Energy Information Administration<ref>{{cite web |url=http://www.eia.gov/countries/index.cfm?topL=exp |title=International |publisher=US Energy Information Administration |access-date=14 January 2025}}</ref>
 
<small><sup>1</sup> [[Peak oil|peak production]] already passed in this state</small>
 
<small><sup>2</sup> Canadian statistics are complicated by the fact it is both an importer and exporter of crude oil, and refines large amounts of oil for the U.S. market. It is the leading source of U.S. imports of oil and products, averaging {{convert|2500000|oilbbl/d|abbr=on}} in August 2007.<ref>{{Cite web |title=U.S. Imports by Country of Origin |url=https://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbblpd_m.htm |url-status=live |archive-url=https://web.archive.org/web/20180103234600/https://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbblpd_m.htm |archive-date=January 3, 2018 |access-date=February 21, 2018 |publisher=U.S. Energy Information Administration}}</ref></small>
 
Total world production/consumption (as of 2005) is approximately {{convert|84|Moilbbl/d|m3/d}}.
 
=== Importation ===
In order of net imports in 2011, 2009 and 2006 in thousand [[Barrel (unit)|bbl]]/[[Day|d]] and thousand m<sup>3</sup>/d:
{| style="text-align:right;" class="wikitable sortable"
|-
!#
!Importing nation
!10<sup>3</sup>bbl/day (2011)
!10<sup>3</sup>m<sup>3</sup>/day (2011)
!10<sup>3</sup>bbl/day (2009)
!10<sup>3</sup>m<sup>3</sup>/day (2009)
!10<sup>3</sup>bbl/day (2006)
!10<sup>3</sup>m<sup>3</sup>/day (2006)
|-
|1
|{{rh}}|United States <sup>1</sup>
|8,728
|1,388
|9,631
|1,531
|12,220
|1,943
|-
|2
|{{rh}}|China
|5,487
|872
|4,328
|688
|3,438
|547
|-
|3
|{{rh}}|Japan
|4,329
|688
|4,235
|673
|5,097
|810
|-
|4
|{{rh}}|India
|2,349
|373
|2,233
|355
|1,687
|268
|-
|5
|{{rh}}|Germany
|2,235
|355
|2,323
|369
|2,483
|395
|-
|6
|{{rh}}|South Korea
|2,170
|345
|2,139
|340
|2,150
|342
|-
|7
|{{rh}}|France
|1,697
|270
|1,749
|278
|1,893
|301
|-
|8
|{{rh}}|Spain
|1,346
|214
|1,439
|229
|1,555
|247
|-
|9
|{{rh}}|Italy
|1,292
|205
|1,381
|220
|1,558
|248
|-
|10
|{{rh}}|Singapore
|1,172
|186
|916
|146
|787
|125
|-
|11
|{{rh}}|Republic of China (Taiwan)
|1,009
|160
|944
|150
|942
|150
|-
|12
|{{rh}}|Netherlands
|948
|151
|973
|155
|936
|149
|-
|13
|{{rh}}|Turkey
|650
|103
|650
|103
|576
|92
|-
|14
|{{rh}}|Belgium
|634
|101
|597
|95
|546
|87
|-
|15
|{{rh}}|Thailand
|592
|94
|538
|86
|606
|96
|}
Source: US Energy Information Administration<ref>{{cite web |url=http://www.eia.gov/countries/index.cfm?topL=imp |title=International |publisher=U.S. Energy Information Administration |access-date=22 January 2025}}</ref>
 
{{smalldiv|1=
<sup>1</sup> [[Peak oil|peak production of oil]] expected in 2020<ref name="eia2014er">"[http://www.eia.gov/forecasts/aeo/er/early_production.cfm AEO2014 Early Release Overview] {{webarchive|url=https://web.archive.org/web/20131220215802/http://www.eia.gov/forecasts/aeo/er/early_production.cfm |date=December 20, 2013 }}" [http://www.eia.gov/forecasts/aeo/er/pdf/0383er(2014).pdf Early report] {{webarchive|url=https://web.archive.org/web/20131220211420/http://www.eia.gov/forecasts/aeo/er/pdf/0383er(2014).pdf |date=December 20, 2013 }} ''[[US Energy Information Administration]]'', December 2013. Accessed: December 2013. Quote:"Domestic production of crude oil .. increases sharply .. is expected to level off and then slowly decline after 2020"</ref>
}}
 
=== Non-producing consumers ===
Countries whose oil production is 10% or less of their consumption.
 
{| style="text-align:right;" class="wikitable sortable"
|-
!#
!Consuming nation
!(bbl/day)
!(m<sup>3</sup>/day)
|-
|1
|{{rh}}|Japan
|5,578,000
|886,831
|-
|2
|{{rh}}|Germany
|2,677,000
|425,609
|-
|3
|{{rh}}|South Korea
|2,061,000
|327,673
|-
|4
|{{rh}}|France
|2,060,000
|327,514
|-
|5
|{{rh}}|Italy
|1,874,000
|297,942
|-
|6
|{{rh}}|Spain
|1,537,000
|244,363
|-
|7
|{{rh}}|Netherlands
|946,700
|150,513
|-
|8
|{{rh}}|Turkey
|575,011
|91,663
|}
Source: CIA World Factbook{{Failed verification|date=July 2010|reason=maybe factbook changed? suggest clarify this table by using a factbook snapshot of a specific year}}
 
== Environmental effects ==
{{Main|Environmental impact of the petroleum industry}}
 
===Climate===
[[File:Dieselrainbow.jpg|thumb|A diesel fuel spill on a road]]
[[File:Carbonate system of seawater.svg|thumb|Seawater acidification]]
{{As of|2018}}, about a quarter of annual global [[greenhouse gas emissions]] is the carbon dioxide from burning petroleum (plus [[methane leaks]] from the industry).<ref>{{Cite journal |last1=Ritchie |first1=Hannah |last2=Roser |first2=Max |last3=Rosado |first3=Pablo |date=May 11, 2020 |title={{CO2}} emissions by fuel |url=https://ourworldindata.org/emissions-by-fuel |url-status=live |journal=Our World in Data |archive-url=https://web.archive.org/web/20201103122924/https://ourworldindata.org/emissions-by-fuel |archive-date=November 3, 2020 |access-date=January 22, 2021}}</ref><ref>{{Cite web |title=Methane Tracker 2020 – Analysis |url=https://www.iea.org/reports/methane-tracker-2020 |url-status=live |archive-url=https://web.archive.org/web/20210119102518/https://www.iea.org/reports/methane-tracker-2020 |archive-date=January 19, 2021 |access-date=January 22, 2021 |website=IEA |date=March 30, 2020 |language=en-GB}}</ref>{{efn|12.4 gigatonnes petroleum (and about 1 Gt CO<sub>2</sub> eq from methane)/50 gigatonnes total.}} Along with the burning of coal, petroleum combustion is the largest contributor to the increase in atmospheric CO<sub>2</sub>.<ref>{{Cite journal |last1=Marland |first1=Gregg |last2=Houghton |first2=R. A. |last3=Gillett |first3=Nathan P. |last4=Conway |first4=Thomas J. |last5=Ciais |first5=Philippe |last6=Buitenhuis |first6=Erik T. |last7=Field |first7=Christopher B. |last8=Raupach |first8=Michael R. |last9=Quéré |first9=Corinne Le |date=November 20, 2007 |title=Contributions to accelerating atmospheric {{CO2}} growth from economic activity, carbon intensity, and efficiency of natural sinks |journal=Proceedings of the National Academy of Sciences |volume=104 |issue=47 |pages=18866–18870 |bibcode=2007PNAS..10418866C |doi=10.1073/pnas.0702737104 |issn=0027-8424 |pmc=2141868 |pmid=17962418 |doi-access=free}}</ref><ref>{{Cite journal |last1=Zheng |first1=Bo |last2=Zaehle |first2=Sönke |last3=Wright |first3=Rebecca |last4=Wiltshire |first4=Andrew J. |last5=Walker |first5=Anthony P. |last6=Viovy |first6=Nicolas |last7=Werf |first7=Guido R. van der |last8=Laan-Luijkx |first8=Ingrid T. van der |last9=Tubiello |first9=Francesco N. |date=December 5, 2018 |title=Global Carbon Budget 2018 |journal=Earth System Science Data |language=en |volume=10 |issue=4 |pages=2141–2194 |bibcode=2018ESSD...10.2141L |doi=10.5194/essd-10-2141-2018 |issn=1866-3508 |doi-access=free|hdl=21.11116/0000-0002-518C-5 |hdl-access=free }}</ref> Atmospheric CO<sub>2</sub> has risen over the last 150 years to current levels of over 415&nbsp;[[ppmv]],<ref>{{Cite web |last=US Department of Commerce |first=NOAA |title=Global Monitoring Laboratory – Carbon Cycle Greenhouse Gases |url=https://www.esrl.noaa.gov/gmd/ccgg/trends/ |url-status=live |archive-url=https://web.archive.org/web/20070316011636/https://www.esrl.noaa.gov/gmd/ccgg/trends/ |archive-date=March 16, 2007 |access-date=May 24, 2020 |website=www.esrl.noaa.gov |language=EN-US}}</ref> from the [[Carbon dioxide in Earth's atmosphere#Concentrations in the geologic past|180–300&nbsp;ppmv of the prior 800 thousand years]].<ref>[http://maps.grida.no/go/graphic/historical-trends-in-carbon-dioxide-concentrations-and-temperature-on-a-geological-and-recent-time-scale Historical trends in carbon dioxide concentrations and temperature, on a geological and recent time scale] {{webarchive|url=https://web.archive.org/web/20110724175732/http://maps.grida.no/go/graphic/historical-trends-in-carbon-dioxide-concentrations-and-temperature-on-a-geological-and-recent-time-scale |date=July 24, 2011 }}. (June 2007). In UNEP/GRID-Arendal Maps and Graphics Library. Retrieved 19:14, February 19, 2011.</ref><ref>[http://news.bbc.co.uk/1/hi/sci/tech/5314592.stm Deep ice tells long climate story] {{webarchive|url=https://web.archive.org/web/20070830193909/http://news.bbc.co.uk/1/hi/sci/tech/5314592.stm |date=August 30, 2007 }}. Retrieved 19:14, February 19, 2011.</ref><ref>{{Cite journal |last=Mitchell, John F.B. |year=1989 |title=The "Greenhouse" Effect and Climate Change |url=http://www.webpages.uidaho.edu/envs501/downloads/Mitchell |journal=Reviews of Geophysics |volume=27 |issue=1 |pages=115–139 |bibcode=1989RvGeo..27..115M |citeseerx=10.1.1.459.471 |doi=10.1029/RG027i001p00115 |archive-url=http://archive.wikiwix.com/cache/20080904222649/http://www.webpages.uidaho.edu/envs501/downloads/Mitchell |archive-date=September 4, 2008}}</ref> The rise in Arctic temperature has reduced the minimum [[Arctic ice pack]] to {{convert|4320000|km2|abbr=on|}}, a loss of almost half since satellite measurements started in 1979.<ref>{{Cite web |last=Change |first=NASA Global Climate |title=Arctic Sea Ice Minimum |url=https://climate.nasa.gov/vital-signs/arctic-sea-ice |url-status=live |archive-url=https://web.archive.org/web/20200524202942/https://climate.nasa.gov/vital-signs/arctic-sea-ice/ |archive-date=May 24, 2020 |access-date=May 24, 2020 |website=Climate Change: Vital Signs of the Planet}}</ref>
 
[[Ocean acidification]] is the increase in the acidity of the Earth's oceans caused by the uptake of [[carbon dioxide]] ({{CO2}}) from the [[Earth's atmosphere|atmosphere]].The saturation state of calcium carbonate decreases with the uptake of carbon dioxide in the ocean.<ref>{{Cite journal |last1=Sommer |first1=Ulrich |last2=Paul |first2=Carolin |last3=Moustaka-Gouni |first3=Maria |date=May 20, 2015 |title=Warming and Ocean Acidification Effects on Phytoplankton—From Species Shifts to Size Shifts within Species in a Mesocosm Experiment |journal=PLOS ONE |language=en |volume=10 |issue=5 |pages=e0125239 |bibcode=2015PLoSO..1025239S |doi=10.1371/journal.pone.0125239 |issn=1932-6203 |pmc=4439082 |pmid=25993440 |doi-access=free}}</ref> This increase in acidity inhibits all marine life—having a greater effect on smaller organisms as well as shelled organisms (see [[scallops]]).<ref>{{Cite news |date=February 26, 2014 |title=Acidic ocean deadly for Vancouver Island scallop industry |work=cbc.ca |url=http://www.cbc.ca/news/canada/british-columbia/acidic-ocean-deadly-for-vancouver-island-scallop-industry-1.2551662 |url-status=live |archive-url=https://web.archive.org/web/20140427195837/http://www.cbc.ca/news/canada/british-columbia/acidic-ocean-deadly-for-vancouver-island-scallop-industry-1.2551662 |archive-date=April 27, 2014}}</ref>
 
=== Extraction ===
Oil extraction is simply the removal of oil from the reservoir (oil pool). There are many methods on extracting the oil from the reservoirs for example; mechanical shaking,<ref>{{Cite journal |last1=Schwab |first1=A. P. |last2=Su |first2=J. |last3=Wetzel |first3=S. |last4=Pekarek |first4=S. |last5=Banks |first5=M. K. |date=June 1, 1999 |title=Extraction of Petroleum Hydrocarbons from Soil by Mechanical Shaking |url=https://pubs.acs.org/doi/10.1021/es9809758 |journal=Environmental Science & Technology |language=en |volume=33 |issue=11 |pages=1940–1945 |bibcode=1999EnST...33.1940S |doi=10.1021/es9809758 |issn=0013-936X}}</ref> water-in-oil emulsion, and [[specialty chemicals]] called [[demulsifiers]] that separate the oil from water. Oil extraction is costly and often environmentally damaging. Offshore exploration and extraction of oil disturb the surrounding marine environment.<ref>[http://www.offshore-environment.com/discharges.html Waste discharges during the offshore oil and gas activity] {{webarchive|url=https://web.archive.org/web/20090926140659/http://www.offshore-environment.com/discharges.html |date=September 26, 2009 }} by Stanislave Patin, tr. Elena Cascio</ref>
 
=== Oil spills ===
{{Further|Oil spill|List of oil spills}}
{{multiple image
| align = right
| direction = vertical
| width = 230
| image1 = Oil-spill.jpg
| caption1 = Kelp after an oil spill.
| image2 = Oil Slick in the Timor Sea September-2009.jpg
| caption2 = Oil slick from the [[Montara oil spill]] in the Timor Sea, September 2009.
| image3 = PrestigeVolunteersInGaliciaCoast.jpg
| caption3 = Volunteers cleaning up the aftermath of the [[Prestige oil spill]].
}}
 
Crude oil and refined fuel [[Oil spill|spills]] from [[tanker ship]] accidents have damaged natural [[ecosystem]]s and human livelihoods in [[Alaska]], the [[Gulf of Mexico]], the [[Galápagos Islands]], France and many [[List of oil spills|other places]].
 
The quantity of oil spilled during accidents has ranged from a few hundred tons to several hundred thousand tons (e.g., [[Deepwater Horizon oil spill]], [[SS Atlantic Empress]], [[Amoco Cadiz]]). Smaller spills have already proven to have a great impact on ecosystems, such as the [[Exxon Valdez oil spill|''Exxon Valdez'' oil spill]].
 
Oil spills at sea are generally much more damaging than those on land, since they can spread for hundreds of nautical miles in a thin [[oil slick]] which can cover beaches with a thin coating of oil. This can kill sea birds, mammals, shellfish, and other organisms it coats. Oil spills on land are more readily containable if a makeshift earth dam can be rapidly [[bulldozed]] around the spill site before most of the oil escapes, and land animals can avoid the oil more easily.
 
Control of oil spills is difficult, requires ad hoc methods, and often a large amount of manpower. The dropping of bombs and incendiary devices from aircraft on the {{SS|Torrey Canyon}} wreck produced poor results;<ref>[[Torrey Canyon oil spill|Torrey Canyon bombing by the Navy and RAF]]</ref> modern techniques would include pumping the oil from the wreck, like in the [[Prestige oil spill|''Prestige'' oil spill]] or the [[MV Erika|''Erika'']] oil spill.<ref>{{Cite web |title=Pumping of the Erika cargo |url=http://www.total.com/en/group/news/special_report_erika/erika_measures_total/erika_pumping_cargo_11379.htm |url-status=live |archive-url=https://web.archive.org/web/20081119225756/http://www.total.com/en/group/news/special_report_erika/erika_measures_total/erika_pumping_cargo_11379.htm |archive-date=November 19, 2008 |access-date=August 29, 2010 |publisher=Total.com}}</ref>
 
Though crude oil is predominantly composed of various hydrocarbons, certain nitrogen heterocyclic compounds, such as [[pyridine]], [[picoline]], and [[quinoline]] are reported as contaminants associated with crude oil, as well as facilities processing oil shale or coal, and have also been found at legacy [[creosote|wood treatment]] sites. These compounds have a very high water solubility, and thus tend to dissolve and move with water. Certain naturally occurring bacteria, such as ''[[Micrococcus]]'', ''[[Arthrobacter]]'', and ''[[Rhodococcus]]'' have been shown to degrade these contaminants.<ref>{{Cite journal |last1=Sims |first1=Gerald K. |last2=O'Loughlin |first2=Edward J. |last3=Crawford |first3=Ronald L. |year=1989 |title=Degradation of pyridines in the environment |journal=Critical Reviews in Environmental Control |volume=19 |issue=4 |pages=309–340 |doi=10.1080/10643388909388372|bibcode=1989CRvEC..19..309S }}</ref>
 
Because petroleum is a naturally occurring substance, its presence in the environment does not need to be the result of human causes such as accidents and routine activities ([[seismic]] exploration, [[Boring (earth)|drilling]], extraction, refining and combustion). Phenomena such as [[seeps]]<ref>{{Cite web |title=Seeps Home Page |url=http://seeps.wr.usgs.gov/ |archive-url=https://web.archive.org/web/20080820012319/http://seeps.wr.usgs.gov/ |archive-date=August 20, 2008 |access-date=May 17, 2010}} Natural Oil and Gas Seeps in California</ref> and [[tar pit]]s are examples of areas that petroleum affects without man's involvement.
 
=== Tarballs ===
A tarball is a blob of crude oil (not to be confused with [[tar]], which is a human-made product derived from pine trees or refined from petroleum) which has been weathered after floating in the ocean. Tarballs are an aquatic [[pollutant]] in most environments, although they can occur naturally, for example in the Santa Barbara Channel of California<ref name="itah">{{Cite journal |last1=Itah A.Y. |last2=Essien J.P. |date=Oct 2005 |title=Growth Profile and Hydrocarbonoclastic Potential of Microorganisms Isolated from Tarballs in the Bight of Bonny, Nigeria |journal=World Journal of Microbiology and Biotechnology |volume=21 |issue=6–7 |pages=1317–1322 |doi=10.1007/s11274-004-6694-z |s2cid=84888286}}</ref><ref name="hostettler">{{Cite journal |last1=Hostettler |first1=Frances D. |last2=Rosenbauer |first2=Robert J. |last3=Lorenson |first3=Thomas D. |last4=Dougherty |first4=Jennifer |year=2004 |title=Geochemical characterization of tarballs on beaches along the California coast. Part I – Shallow seepage impacting the Santa Barbara Channel Islands, Santa Cruz, Santa Rosa and San Miguel |journal=Organic Geochemistry |volume=35 |issue=6 |pages=725–746 |bibcode=2004OrGeo..35..725H |doi=10.1016/j.orggeochem.2004.01.022}}</ref> or in the Gulf of Mexico off Texas.<ref>{{Cite magazine |last=Drew Jubera |date=August 1987 |title=Texas Primer: The Tar Ball |url=http://www.texasmonthly.com/story/texas-primer-tar-ball |url-status=live |magazine=Texas Monthly |archive-url=https://web.archive.org/web/20150707102758/http://www.texasmonthly.com/story/texas-primer-tar-ball |archive-date=July 7, 2015 |access-date=October 20, 2014}}</ref> Their concentration and features have been used to assess the extent of [[oil spills]]. Their composition can be used to identify their sources of origin,<ref>{{Cite journal |last1=Knap Anthony H |last2=Burns Kathryn A |last3=Dawson Rodger |last4=Ehrhardt Manfred |last5=Palmork Karsten H |date=December 1984 |title=Dissolved/dispersed hydrocarbons, tarballs and the surface microlayer: Experiences from an IOC/UNEP Workshop in Bermuda |journal=Marine Pollution Bulletin |volume=17 |issue=7 |pages=313–319 |doi=10.1016/0025-326X(86)90217-1}}</ref><ref>{{cite journal |last1=Wang |first1=Zhendi |last2=Fingas |first2=Merv |last3=Landriault |first3=Michael |last4=Sigouin |first4=Lise |last5=Castle |first5=Bill |last6=Hostetter |first6=David |last7=Zhang |first7=Dachung |last8=Spencer |first8=Brad |date=July 1998 |title=Identification and Linkage of Tarballs from the Coasts of Vancouver Island and Northern California Using GC/MS and Isotopic Techniques |journal=Journal of High Resolution Chromatography |volume=21 |issue=7 |pages=383–395 |doi=10.1002/(SICI)1521-4168(19980701)21:7<383::AID-JHRC383>3.0.CO;2-3}}</ref> and tarballs themselves may be dispersed over long distances by deep sea currents.<ref name="hostettler" /> They are slowly decomposed by bacteria, including ''[[Chromobacterium violaceum]]'', ''[[Cladosporium resinae]]'', ''[[Bacillus submarinus]]'', ''[[Micrococcus varians]]'', ''[[Pseudomonas aeruginosa]]'', ''[[Candida marina]]'' and ''[[Saccharomyces estuari]]''.<ref name="itah" />
 
=== Whales ===
[[File:Natural whale oil bottle.jpg|thumb|A bottle of unrefined [[whale oil]]]]
James S. Robbins has argued that the advent of petroleum-refined kerosene saved some species of great whales from [[extinction]] by providing an inexpensive substitute for [[whale oil]], thus eliminating the economic imperative for open-boat [[whaling]],<ref>{{usurped|1=[https://web.archive.org/web/20120315153109/http://newscotland1398.ca/99/gesner-whales.html How Capitalism Saved the Whales]}} by James S. Robbins, ''The Freeman'', August 1992.</ref> but others say that fossil fuels increased whaling with most whales being killed in the 20th century.<ref>{{Cite journal |last=York |first=Richard |date=January 1, 2017 |title=Why Petroleum Did Not Save the Whales |journal=Socius |language=en |volume=3 |page=2378023117739217 |doi=10.1177/2378023117739217 |issn=2378-0231 |s2cid=115153877 |quote=Ironically, even though fossil fuels provided substitutes for the main uses of whale oil, the rise of fossil fuel use in the nineteenth century served to increase the intensity of whaling. |doi-access=free}}</ref>
 
== Alternatives ==
In 2018 road transport used 49% of petroleum, aviation 8%, and uses other than energy 17%.<ref>{{Cite web |title=World oil final consumption by sector, 2018 – Charts – Data & Statistics |url=https://www.iea.org/data-and-statistics/charts/world-oil-final-consumption-by-sector-2018 |access-date=April 3, 2022 |website=IEA |language=en-GB}}</ref> [[Electric vehicle]]s are the main alternative for road transport and [[biojet]] for aviation.<ref>{{Cite web |title=Reaching Zero with Renewables: Biojet Fuels |url=https://www.irena.org/publications/2021/Jul/Reaching-Zero-with-Renewables-Biojet-Fuels |access-date=April 3, 2022 |website=/publications/2021/Jul/Reaching-Zero-with-Renewables-Biojet-Fuels |date=July 22, 2021 |language=en}}</ref><ref>{{Cite web |title=ReFuelEU Aviation initiative: Sustainable aviation fuels and the fit for 55 package {{!}} Think Tank {{!}} European Parliament |url=https://www.europarl.europa.eu/thinktank/en/document/EPRS_BRI(2022)698900 |access-date=April 3, 2022 |website=www.europarl.europa.eu |language=en}}</ref><ref>{{Cite web |date=October 11, 2021 |title=Aviation emissions: 'We can't wait for hydrogen or electric' |url=https://www.energymonitor.ai/sectors/transport/aviation-emissions-we-cant-wait-for-hydrogen-or-electric |access-date=April 3, 2022 |website=Energy Monitor |language=en-US}}</ref> Single-use plastics have a high carbon footprint and may pollute the sea, but as of 2022 the best alternatives are unclear.<ref>{{Cite web |title=This is how to ensure sustainable alternatives to plastic |url=https://www.weforum.org/agenda/2022/03/are-we-replacing-plastic-with-more-energy-intensive-alternatives/ |access-date=April 3, 2022 |website=World Economic Forum |language=en}}</ref>
 
== International relations ==
{{See also|2022 boycott of Russia and Belarus}}
Control of petroleum production has been a significant driver of international relations during much of the 20th and 21st centuries.<ref name="The Economist-2020">{{Cite news |date=September 17, 2020 |title=Is it the end of the oil age? |newspaper=The Economist |url=https://www.economist.com/leaders/2020/09/17/is-it-the-end-of-the-oil-age |url-status=live |access-date=December 31, 2020 |archive-url=https://web.archive.org/web/20201231201354/https://www.economist.com/leaders/2020/09/17/is-it-the-end-of-the-oil-age |archive-date=December 31, 2020 |issn=0013-0613}}</ref> Organizations like OPEC have played an outsized role in international politics. Some historians and commentators have called this the "[[Age of Oil]]"<ref name="The Economist-2020" /> With the rise of [[renewable energy]] and addressing [[climate change]] some commentators expect a realignment of international power away from [[petrostate]]s.{{citation needed|date=August 2024}}
 
=== Corruption ===
"Oil rents" have been described as connected with corruption in political literature.<ref>{{Cite web |title=Oil, gas, and mining |url=https://www.u4.no/topics/oil-gas-and-mining/basics |access-date=May 9, 2022 |website=U4 Anti-Corruption Resource Centre}}</ref> A 2011 study suggested that increases in oil rents increased corruption in countries with heavy government involvement in the production of oil. The study found that increases in oil rents "significantly deteriorates political rights". The investigators say that oil exploitation gave politicians "an incentive to extend civil liberties but reduce political rights in the presence of oil windfalls to evade redistribution and conflict".<ref>{{Cite journal |last1=Arezki |first1=Rabah |last2=Brückner |first2=Markus |date=October 1, 2011 |title=Oil rents, corruption, and state stability: Evidence from panel data regressions |url=https://www.sciencedirect.com/science/article/pii/S0014292111000316 |journal=European Economic Review |language=en |volume=55 |issue=7 |pages=955–963 |doi=10.1016/j.euroecorev.2011.03.004 |issn=0014-2921}}</ref>
 
=== Conflict ===
{{Main|oil war|Petro-aggression}}
Petroleum production has been linked with conflict for many years, leading to thousands of deaths.<ref>{{Cite journal |last=Lujala |first=Päivi |date=2009 |title=Deadly Combat over Natural Resources: Gems, Petroleum, Drugs, and the Severity of Armed Civil Conflict |journal=The Journal of Conflict Resolution |volume=53 |issue=1 |pages=50–71 |doi=10.1177/0022002708327644 |issn=0022-0027 |jstor=27638653 |s2cid=155043015}}</ref> Petroleum deposits are in hardly any countries around the world; mainly in Russia and some parts of the middle east.<ref>{{Cite web |title=International – U.S. Energy Information Administration (EIA) |url=https://www.eia.gov/international/data/world#/?pa=00000000000000000000000000000000002&c=ruvvvvvfvtvnvv1vrvvvvfvvvvvvfvvvou20evvvvvvvvvvvvuvo&ct=0&tl_id=5-A&vs=INTL.57-1-AFG-TBPD.A&vo=0&v=H&start=2014&end=2016 |access-date=February 16, 2023 |website=www.eia.gov}}</ref><ref>{{Cite book |last=Alnasrawi |first=Abbas |title=The economy of Iraq: oil, wars, destruction of development and prospects, 1950–2010 |date=1994 |publisher=Greenwood Press |isbn=0-313-29186-1 |___location=Westport, Conn. |oclc=28965749}}</ref> Conflicts may start when countries refuse to cut oil production in which other countries respond to such actions by increasing their production causing a trade war as experienced during the [[2020 Russia–Saudi Arabia oil price war]].<ref>{{Cite journal |last1=Ma |first1=Richie Ruchuan |last2=Xiong |first2=Tao |last3=Bao |first3=Yukun |date=October 1, 2021 |title=The Russia-Saudi Arabia oil price war during the COVID-19 pandemic |journal=Energy Economics |language=en |volume=102 |page=105517 |doi=10.1016/j.eneco.2021.105517 |issn=0140-9883 |pmc=8652835 |pmid=34898736|bibcode=2021EneEc.10205517M }}</ref> Other conflicts start due to countries wanting petroleum resources or other reasons on oil resource territory experienced in the [[Iran–Iraq War]].<ref>{{Cite web |title=Iran-Iraq War {{!}} Causes, Summary, Casualties, & Facts {{!}} Britannica |url=https://www.britannica.com/event/Iran-Iraq-War |access-date=February 16, 2023 |website=www.britannica.com |language=en}}</ref>
 
=== OPEC ===
{{Excerpt|OPEC}}
 
== Future production ==
{{Update section|date=February 2021}}
[[File:World oil production.webp|thumb|World oil production by average barrels per day between 2011 and 2022]]
[[Consumption function|Consumption]] in the twentieth and twenty-first centuries has been abundantly pushed by automobile sector growth. The [[1980s oil glut|1985–2003 oil glut]] even fueled the sales of low fuel economy vehicles in [[OECD]] countries. The 2008 economic crisis seems to have had some impact on the sales of such vehicles; still, in 2008 oil consumption showed a small increase.
 
In 2016 Goldman Sachs predicted lower demand for oil due to emerging economies concerns, especially China.<ref>{{Cite news |last=Hume |first=Neil |date=March 8, 2016 |title=Goldman Sachs says commodity rally is unlikely to last |work=Financial Times |url=https://www.ft.com/content/e178653e-e517-11e5-bc31-138df2ae9ee6 |url-status=live |access-date=March 8, 2016 |archive-url=https://web.archive.org/web/20180429093259/https://www.ft.com/content/e178653e-e517-11e5-bc31-138df2ae9ee6 |archive-date=April 29, 2018 |issn=0307-1766}}</ref> The [[BRICS]] (Brasil, Russia, India, China, South Africa) countries might also kick in, as China briefly had the largest automobile market in December 2009.<ref>{{Cite news |last=Chris Hogg |date=February 10, 2009 |title=China's car industry overtakes US |work=BBC News |url=http://news.bbc.co.uk/2/hi/business/7879372.stm |url-status=live |archive-url=https://web.archive.org/web/20111019234900/http://news.bbc.co.uk/2/hi/business/7879372.stm |archive-date=October 19, 2011}}</ref> In the long term, uncertainties linger; the [[OPEC]] believes that the OECD countries will push low consumption policies at some point in the future; when that happens, it will definitely curb oil sales, and both OPEC and the [[Energy Information Administration]] (EIA) kept lowering their 2020 consumption estimates during the past five years.<ref>{{Cite web |last=OPEC Secretariat |year=2008 |title=World Oil Outlook 2008 |url=http://www.opec.org/library/World%20Oil%20Outlook/pdf/WOO2008.pdf |archive-url=https://web.archive.org/web/20090407091227/http://www.opec.org/library/World%20Oil%20Outlook/pdf/WOO2008.pdf |archive-date=April 7, 2009}}</ref> A detailed review of [[International Energy Agency]] oil projections have revealed that revisions of world oil production, price and investments have been motivated by a combination of demand and supply factors.<ref name="Wachtmeister2018">{{Cite journal |last1=Wachtmeister |first1=Henrik |last2=Henke |first2=Petter |last3=Höök |first3=Mikael |date=2018 |title=Oil projections in retrospect: Revisions, accuracy and current uncertainty |journal=Applied Energy |volume=220 |pages=138–153 |doi=10.1016/j.apenergy.2018.03.013 |doi-access=free|bibcode=2018ApEn..220..138W }}</ref> All together, Non-OPEC conventional projections have been fairly stable the last 15 years, while downward revisions were mainly allocated to OPEC. Upward revisions are primarily a result of US [[tight oil]].
 
Production will also face an increasingly complex situation; while OPEC countries still have large reserves at low production prices, newly found reservoirs often lead to higher prices; offshore giants such as [[Tupi oil field|Tupi]], Guara and [[Tiber oilfield|Tiber]] demand high investments and ever-increasing technological abilities. Subsalt reservoirs such as Tupi were unknown in the twentieth century, mainly because the industry was unable to probe them. [[Enhanced Oil Recovery]] (EOR) techniques (example: [[Daqing Field|DaQing]], China<ref>{{Cite web |last=Ni Weiling |date=October 16, 2006 |title=Daqing Oilfield rejuvenated by virtue of technology |url=http://en.ce.cn/Insight/200610/16/t20061016_8980162.shtml |url-status=live |archive-url=https://web.archive.org/web/20111212081616/http://en.ce.cn/Insight/200610/16/t20061016_8980162.shtml |archive-date=December 12, 2011 |website=[[Economic Daily]]}}</ref>) will continue to play a major role in increasing the world's recoverable oil.
 
The expected availability of petroleum resources has always been around 35 years or even less since the start of the modern exploration. The [[oil constant]], an insider pun in the German industry, refers to that effect.<ref>Samuel Schubert, Peter Slominski UTB, 2010: Die Energiepolitik der EU Johannes Pollak, 235 Seiten, p. 20</ref>
 
A growing number of divestment campaigns from major funds pushed by newer generations who question the sustainability of petroleum may hinder the financing of future oil prospection and production.<ref>{{Cite web |date=January 27, 2021 |title=Rating agency S&P warns 13 oil and gas companies they risk downgrades as renewables pick up steam |url=http://www.theguardian.com/business/2021/jan/27/rating-agency-sp-warns-13-oil-and-gas-companies-they-risk-downgrades-as-renewables-pick-up-steam |url-status=live |archive-url=https://web.archive.org/web/20210127175822/https://www.theguardian.com/business/2021/jan/27/rating-agency-sp-warns-13-oil-and-gas-companies-they-risk-downgrades-as-renewables-pick-up-steam |archive-date=January 27, 2021 |access-date=January 27, 2021 |website=The Guardian |language=en}}</ref>
 
=== Peak oil ===
{{Main|Peak oil}}
[[Peak oil]] is a term applied to the projection that future petroleum production, whether for individual oil wells, entire oil fields, whole countries, or worldwide production, will eventually peak and then decline at a similar rate to the rate of increase before the peak as these reserves are exhausted.{{Citation needed|date=May 2022}}<ref>{{cite book |last=Islam |first=M. R. |chapter=New Methods of Petroleum Sludge Disposal and Utilization |date=1995 |title=Asphaltenes |pages=219–235 |___location=Boston |publisher=Springer US |doi=10.1007/978-1-4757-9293-5_8 |isbn=978-1-4757-9295-9}}</ref> The peak of oil discoveries was in 1965, and oil production per year has surpassed oil discoveries every year since 1980.<ref>{{Cite web |last=Campbell CJ |date=December 2000 |title=Peak Oil Presentation at the Technical University of Clausthal |url=http://energycrisis.org/de/lecture.html |url-status=live |archive-url=https://web.archive.org/web/20070705152332/http://energycrisis.org/de/lecture.html |archive-date=July 5, 2007}}</ref>
 
It is difficult to predict the oil peak in any given region, due to the lack of knowledge and/or transparency in the accounting of global oil reserves.<ref>{{Cite web |date=March 31, 2004 |title=New study raises doubts about Saudi oil reserves |url=http://www.iags.org/n0331043.htm |url-status=live |archive-url=https://web.archive.org/web/20100529211546/http://www.iags.org/n0331043.htm |archive-date=May 29, 2010 |access-date=August 29, 2010 |publisher=Iags.org}}</ref> Based on available production data, proponents have previously predicted the peak for the world to be in the years 1989, 1995, or 1995–2000. Some of these predictions date from before the recession of the early 1980s, and the consequent lowering in global consumption, the effect of which was to delay the date of any peak by several years. Just as the 1971 U.S. peak in oil production was only clearly recognized after the fact, a peak in world production will be difficult to discern until production clearly drops off.<ref>[http://www.oildecline.com/ Peak Oil Info and Strategies] {{webarchive|url=https://web.archive.org/web/20120617184210/http://www.oildecline.com/ |date=June 17, 2012 }} "The only uncertainty about peak oil is the time scale, which is difficult to predict accurately."</ref>
 
In 2020, according to [[BP#Climate policy|BP's Energy Outlook 2020]], peak oil had been reached, due to the changing energy landscape coupled with the [[Financial market impact of the COVID-19 pandemic#Oil prices|economic toll of the COVID-19 pandemic]].
 
While there has been much focus historically on peak oil supply, the focus is increasingly shifting to peak demand as more countries seek to transition to renewable energy. The GeGaLo index of geopolitical gains and losses assesses how the geopolitical position of 156 countries may change if the world fully transitions to renewable energy resources. Former oil exporters are expected to lose power, while the positions of former oil importers and countries rich in renewable energy resources is expected to strengthen.<ref>{{Cite journal|last1=Overland|first1=Indra|last2=Bazilian|first2=Morgan|last3=Ilimbek Uulu|first3=Talgat|last4=Vakulchuk|first4=Roman|last5=Westphal|first5=Kirsten|date=2019|title=The GeGaLo index: Geopolitical gains and losses after energy transition|journal=Energy Strategy Reviews|language=en|volume=26|page=100406|doi=10.1016/j.esr.2019.100406|doi-access=free|bibcode=2019EneSR..2600406O |hdl=11250/2634876|hdl-access=free}}</ref>
 
=== Unconventional oil ===
{{Update section|date=May 2022}}
 
[[Unconventional oil]] is petroleum produced or extracted using techniques other than the conventional methods. The calculus for peak oil has changed with the introduction of [[Unconventional (oil & gas) reservoir|unconventional]] production methods. In particular, the combination of [[horizontal drilling]] and [[hydraulic fracturing]] has resulted in a significant increase in production from previously uneconomic plays.<ref>{{Citation | date = May 28, 2015 | title = U.S. Crude Oil Production Forecast – Analysis of Crude Types | publisher = U.S. Energy Information Administration | place = Washington, DC | url = http://www.eia.gov/analysis/petroleum/crudetypes/pdf/crudetypes.pdf | access-date = September 13, 2018 | quote = U.S. oil production has grown rapidly in recent years. U.S. Energy Information Administration (EIA) data, which reflect combined production of crude oil and lease condensate, show a rise from 5.6 million barrels per day (bbl/d) in 2011 to 7.5 million bbl/d in 2013, and a record 1.2 million bbl/d increase to 8.7 million bbl/d in 2014. Increasing production of light crude oil in low-permeability or tight resource formations in regions like the Bakken, Permian Basin, and Eagle Ford (often referred to as light tight oil) account for nearly all the net growth in U.S. crude oil production.<br />EIA's latest Short-Term Energy Outlook, issued in May 2015, reflects continued production growth in 2015 and 2016, albeit at a slower pace than in 2013 and 2014, with U.S. crude oil production in 2016 forecast to reach 9.2 million bbl/d. Beyond 2016, the Annual Energy Outlook 2015 (AEO2015) projects further production growth, although its pace and duration remains highly uncertain. | archive-date = November 22, 2019 | archive-url = https://web.archive.org/web/20191122192224/https://www.eia.gov/analysis/petroleum/crudetypes/pdf/crudetypes.pdf | url-status = live }}</ref> Certain rock [[strata]] contain hydrocarbons but have low permeability and are not thick from a vertical perspective. Conventional vertical wells would be unable to economically retrieve these hydrocarbons. Horizontal drilling, extending horizontally through the strata, permits the well to access a much greater volume of the strata. Hydraulic fracturing creates greater permeability and increases hydrocarbon flow to the wellbore.
 
== Hydrocarbons on other worlds ==
On [[Saturn's]] largest moon, [[Titan (moon)|Titan]], lakes of liquid hydrocarbons comprising methane, ethane, propane and other constituents, occur naturally. Data collected by the space probe ''[[Cassini–Huygens]]'' yield an estimate that the visible lakes and seas of Titan contain about 300 times the volume of Earth's proven oil reserves.<ref name=oil>{{cite web|url=http://www.space.com/scienceastronomy/080213-titan-oil.html |title=Titan Has More Oil Than Earth |date=February 13, 2008 |website=Space.com |access-date=February 13, 2008}}</ref><ref>{{cite web|url=https://www.newscientist.com/article/dn24754-astrophile-titan-lake-has-more-liquid-fuel-than-earth/ |title=Astrophile: Titan lake has more liquid fuel than Earth |date=December 13, 2013 |work=New Scientist |first=Katia |last=Moskvitch |access-date=December 14, 2013}}</ref> Drilled samples from the surface of [[Mars]] taken in 2015 by the [[Curiosity Rover|''Curiosity'' rover's]] [[Mars Science Laboratory]] have found organic molecules of [[benzene]] and [[propane]] in 3-billion-year-old rock samples in [[Gale Crater]].<ref name=nyt20180607>{{cite news |url=https://www.nytimes.com/2018/06/07/science/mars-nasa-life.html |title=Life on Mars? Rover's Latest Discovery Puts It 'On the Table' |first=Kenneth |last=Chang |date= June 7, 2018 |work=[[The New York Times]] |quote=The identification of organic molecules in rocks on the red planet does not necessarily point to life there, past or present, but does indicate that some of the building blocks were present. }}</ref>
 
== In fiction ==
{{Excerpt|Petrofiction}}
 
== See also ==
{{Portal|Energy}}
{{div col|colwidth=14em}}
* [[Barrel of oil equivalent]]
* [[Filling station]]
* [[Gas/oil ratio]]
* [[Heavy metals]]
* [[International Safety Guide for Oil Tankers and Terminals]]
* [[Lead poisoning]]
* [[List of oil exploration and production companies]]
* [[List of oil fields]]
* [[Manure-derived synthetic crude oil]]
* [[List of oil-producing states]]
* [[ListOil of oil-consuming statesburden]]
* [[Oil reserves in France]]
* [[Oil reserves#Countries that have already passed their production peak|List of Countries that have already passed their production peak]]
* [[List of petroleum companies]]
* [[Ecodollar]]
* [[Energy crisis]]: [[1973 energy crisis]], [[1979 energy crisis]]
* [[Fossil fuel]]
* [[Global warming]]
* [[Greenhouse gas]]es
* [[History of the Petroleum Industry]]
* [[Hubbert peak]] (aka peak oil)
* [[Future energy development]]
* [[1990 spike in the price of oil]]
* [[Mineral oil]]
* [[Natural gas]], another important energy source
* [[Non-conventional oil]]
* [[Oil imperialism]] and [[nationalization]]
* [[Oil price increases of 2004 and 2005]]
* [[Oil refinery]]
* [[Oil supplies]]
* [[Oil well]]
* [[Olduvai theory]] (not strictly about oil, but it basically assumes that oil and gas are the only significant energy sources)
* [[Petroleum disaster]]s
* [[Petroleum geology]]
* [[Petrodollar]]
* [[Petro-free]] : that does not use or sell petroleum (i.e. petro-free [[fuel station]]).
* [[Petroleum politics]]
* [[Renewable energyPetrocurrency]]
* [[Soft energy path]]
* [[Thermal depolymerization]]
* [[ThomasTotal Goldpetroleum hydrocarbon]]
* [[EugeneWaste Islandoil]]
* [[Unconventional (oil & gas) reservoir]]
* [[Mopar magazine]]
{{div col end}}
 
== Explanatory footnotes ==
==External links==
{{Notelist}}
{{Commons|Petroleum}}
* [http://www.eia.doe.gov/oil_gas/petroleum/info_glance/petroleum.html US Energy Information Administration] - Part of the informative website of the US Government's Energy Information Administration.
* [http://www.api.org/ American Petroleum Institute] - A site run by the American Petroleum Institute, the trade association of the US oil industry.
* [http://www.longemergency.blogspot.com Long Emergency Blog] - A site with Peak Oil news and discussion, regarding how our world will never be the same.
* [http://theoildrum.com The Oil Drum] - A Community Discussion about Peak Oil and the Oil Industry.
* [http://www.touchoilandgas.com Petroleum directory]
* [http://www.geo.uw.edu.pl/BOBRKA/DATY/daty.htm Major dates of the Polish petroleum industry]
*[http://www.gasresources.net/DisposalBioClaims.htm Dismissal of the Claims of a Biological Connection for Natural Petroleum.]
*[http://www.aapg.org/explorer/2002/11nov/abiogenic.cfm Abiogenic Gas Debate 11:2002 (EXPLORER)]
*[http://www.gasresources.net/Introduction.htm An introduction to the modern petroleum science, and to the Russian-Ukrainian theory of deep, abiotic petroleum origins.]
*[http://www.spe.org/elibinfo/eLibrary_Papers/spe/1982/82UGR/00010836/00010836.htm Unconventional Ideas About Unconventional Gas (Society of Petroleum Engineers)]
*[http://www.bp.com/genericsection.do?categoryId=92&contentId=7005893 BP Statistical Revue of World Energy ]
* [http://www.oilrocks.com Oil Rocks]
* [http://www.nymex.com Nymex] - oil trading center of the US
* [http://www.bloomberg.com/energy/ Bloomberg Energy Prices] - current prices on world mercantile exchanges
* [http://www.oilmarketer.co.uk/ Oil Marketer] - oil news and market information
* [http://www.priceofoil.com/ Oil Prices] - Oil related information
* [http://www.economist.com/surveys/displaystory.cfm?story_id=3884623 Oil in troubled waters] - Economist article on investor approaches to oil markets, supply, and future
* [http://www.pdvsa.com PDVSA] - The site for the state-owned oil company of Venezuela
* [http://www.venezuelanalysis.com venezuelanalysis.com] - A site focusing on developments in Venezuela, with a big emphasis on the oil issue.
 
===Articles= Citations ==
{{Reflist}}
* [http://pr.caltech.edu/periodicals/CaltechNews/articles/v38/oil.html The End of the Age of Oil] - article adapted from a talk by Caltech vice provost and professor of physics [[David Goodstein]]
{{sfn whitelist |CITEREFColgan2021}}
* [http://www.publicintegrity.org/oil/ The Politics of Oil] - A report on the oil industry's influence of lawmakers and public policy by the ''[[Center for Public Integrity]]''.
* [http://news.bbc.co.uk/2/hi/business/3953907.stm BBC: Stability fears rise as oil reliance grows]
* [http://www.washingtonpost.com/wp-dyn/content/article/2005/06/09/AR2005060900148_pf.html Top Saudi Says Kingdom Has Plenty of Oil] "261 billion barrels in reserve..."
* [http://business.timesonline.co.uk/article/0,,16849-1733893,00.html Lee Raymond of Exxon Mobile believes oil supplies will rise]
* [http://www.arabnews.com/?page=6&section=0&article=44011&d=29&m=4&y=2004 Known Saudi Arabian Oil Reserves Tripled]
* [http://www2.eluniversal.com.mx/pls/impreso/noticia.html?id_nota=6110&tabla=miami Pemex's oil estimates double:] Mexican Oil company's estimate of reserves doubled.
*''[http://www.gasresources.net/DisposalBioClaims.htm Dismissal of the Claims of a Biological Connection for Natural Petroleum] <ref>{{cite journal | author=Kenney, J., Shnyukov, A., Krayushkin, V., Karpov, I., Kutcherov, V. and Plotnikova, I. | title= Dismissal of the claims of a biological connection for natural petroleum | journal=Energia | volume=22 | issue=3 | year=2001 | pages=26-34}}</ref>''
*''[http://www.aapg.org/explorer/2002/11nov/abiogenic.cfm Abiogenic Gas Debate 11:2002 (EXPLORER)]''
 
== External links ==
===Data===
{{Commons|Petroleum}}
*[http://www.eia.doe.gov/emeu/international/petroleu.html Department of Energy EIA - World supply and consumption]
{{NIE Poster|Petroleum}}
* [http://www.eia.doe.gov/oil_gas/petroleum/info_glance/prices.html US petroleum prices]
* [http://ggon.org/fossil-tracker/ Global Fossil Infrastructure Tracker]
* [http://www.api.org/ API – the trade association of the US oil industry.] ([[American Petroleum Institute]])
* [http://www.eia.doe.gov/oil_gas/petroleum/info_glance/petroleum.html U.S. Energy Information Administration]
** [http://www.eia.doe.gov/emeu/international/contents.html U.S. Department of Energy EIA – World supply and consumption]
* [https://www.jodidata.org/ Joint Organisations Data Initiative | Oil and Gas Data Transparency]
* [http://toxnet.nlm.nih.gov/cgi-bin/sis/search/r?dbs+hsdb:@term+@na+@rel+Crude+oil U.S. National Library of Medicine: Hazardous Substances Databank – Crude Oil]
* {{Cite AmCyc|wstitle=Petroleum|short=x}}
* "[https://books.google.com/books?id=p4o9AQAAIAAJ A Short History of Petroleum]", [[Scientific American]], August 10, 1878, p.&nbsp;85
 
{{Petroleum industry}}
===References===
{{Authority control}}
<!-- No longer referenced: # {{note|Kenney2002}} {{cite journal | author=Kenney, J., Kutcherov, V., Bendeliani, N. and Alekseev, V. | title= The evolution of multicomponent systems at high pressures: VI. The thermodynamic stability of the hydrogen–carbon system: The genesis of hydrocarbons and the origin of petroleum | journal=Proceedings of the National Academy of Sciences of the U.S.A. | volume=99 | year=2002 | pages=10976-10981 | url = http://www.pnas.org/cgi/content/full/99/17/10976 }}-->
<references />
 
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